A sophisticated land registry system improves legal security of property rights and thus improves the basis for finance and market economy. If we consider the relevant publications that take into account assessments of the South-East European region, we can see that one of the most exploited subjects lately has been the region’s exposure to foreign currency lending.
It is important for governments to allow market forces to reward prudent behavior and penalize excessive risk-taking. Sound, well-managed firms can benefit if better disclosure enables them to obtain funds at risk premiums that accurately reflect lower risk profiles.