This paper analyses bank exit (ie reorganisation and liquidation) legislation in selected financial centres: New York …, London, Frankfurt, Helsinki and Tokyo. The focus is on bank exit legislation applicable to commercial banks. The legislation … is restricted to those legislative provisions that provide security and rights for stakeholders in case of bank exit. In …

economies, this paper explores a number of regulatory reforms that would alter the balance between seeking to avoid insolvency … and lowering the costs of insolvency should it occur. In particular it considers whether a lex specialis for dealing with …

¡¥catastrophic¡¦ failure (bankruptcy or liquidation). The failure rate has fallen significantly in the past decade ¡V the estimated …. „h Around 7.5 per cent of businesses exit each year ¡V cessations account for around 80 per cent of exits (changes in … the corresponding gains from new business start¡Vups. „h Less than 0.5 per cent of businesses exit each year due to …

This paper examines the determinants of the rate of forced insolvency in New Zealand. The study incorporates two key … variety of economic experiences over the sample period (1988–2003). Second, we explain the total rate of forced insolvency in …

translates it into five hypotheses: (1) Bureaucratic failure, in the form of atmospheric consequences, bureaucratic insularity …) Diseconomies of scale from bureaucratic failure have a negative impact on firm performance; (4) Economies of scale increase the … attention to bureaucratic failure. …