Law and Neuroeconomics of Credit Default and Lender Protection: Uruguay vis-à-vis India

Law and Neuroeconomics of Credit Default and Lender Protection: Uruguay vis-à-vis India

ISBN13: 9781522521600|ISBN10: 1522521607|EISBN13: 9781522521617
DOI: 10.4018/978-1-5225-2160-0.ch014
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MLA

Das, Rituparna. "Law and Neuroeconomics of Credit Default and Lender Protection: Uruguay vis-à-vis India." Transcontinental Strategies for Industrial Development and Economic Growth, edited by Bryan Christiansen and Gulsah Koc, IGI Global, 2017, pp. 245-265. https://doi.org/10.4018/978-1-5225-2160-0.ch014

APA

Das, R. (2017). Law and Neuroeconomics of Credit Default and Lender Protection: Uruguay vis-à-vis India. In B. Christiansen & G. Koc (Eds.), Transcontinental Strategies for Industrial Development and Economic Growth (pp. 245-265). IGI Global. https://doi.org/10.4018/978-1-5225-2160-0.ch014

Chicago

Das, Rituparna. "Law and Neuroeconomics of Credit Default and Lender Protection: Uruguay vis-à-vis India." In Transcontinental Strategies for Industrial Development and Economic Growth, edited by Bryan Christiansen and Gulsah Koc, 245-265. Hershey, PA: IGI Global, 2017. https://doi.org/10.4018/978-1-5225-2160-0.ch014

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Abstract

Recently India and Uruguay signed agreements on investment activities in mining etc. In the context of foreign investments banks play essential roles of participating and facilitating through, inter alia, lending. Hence there is a need for comparison between these countries regarding protection of lenders by the legal systems and confidence of the lenders on the legal systems. This chapter devoted to modelling of the impact of credit-default events on the banking industries and the society. Between the countries this chapter compares the scopes for litigation, negotiation and bribery between lenders and borrowers in the events of loan-default and the comparative speeds of improvement or deterioration of perceived protection of lender out of changes in existing laws, court verdicts and recovery of bad loans in these countries.

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