debt, debt canellation, insolvency, restructuring, principles, non-performing loans …

which they shape aggregate productivity growth. A range of potentially relevant policies are identified, spanning insolvency … orderly exit of failing firms, the efficiency of insolvency regimes emerges as particularly crucial. Thus, the paper analyses … corporate and personal insolvency regimes in terms of their goals, optimal design (including trade-offs) and key features …

This paper explores cross-country differences in the design of insolvency regimes and their potential links with two … competitive market) and capital misallocation. New cross-country policy indicators of insolvency regimes are constructed based on … countries’ responses to a recent OECD questionnaire, which aimed to better capture the key design features of insolvency which …

This paper explores cross-country differences in the design of insolvency regimes, based on quantitative indicators … for 2010 and 2016 – aim to better capture the key design features of insolvency which impact the timely initiation and … resolution of personal and corporate insolvency proceedings. According to these metrics, the design of insolvency regimes varies …

much scope to improve the design of insolvency regimes in order to reduce the barriers to restructuring of weak firms and … the personal costs associated with entrepreneurial failure. Insolvency regime reform can not only address the … markets. As the zombie firm problem may partly stem from bank forbearance, complementary reforms to insolvency regimes are …

This paper explores the link between the design of insolvency regimes across countries and laggard firms’ multi …-factor productivity (MFP) growth, using new OECD indicators of the design of insolvency regimes. Firm-level analysis shows that reforms to … insolvency regimes that lower barriers to corporate restructuring are associated with higher MFP growth of laggard firms. These …

, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …. We find that the decline in bankruptcy filings resulted in a rise in the rate and persistence of insolvency as well as an … that insolvency is associated with worse financial outcomes than bankruptcy, as insolvent individuals have less access to …