Walter, György; Krenchel, Jens Valdemar - In: Risks 9 (2021) 9, pp. 1-20
Discussions on personal bankruptcy regulations are usually focused on the controversial effects of leniency on society …, economy, financial markets, entrepreneurship, and labour supply. However, the methodology of measuring leniency has been … benchmark, validate the results, and rank the countries according to the leniency of their personal bankruptcy systems. We …