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area of corporate insolvency, the Enterprise Bankruptcy Law and the Law on Restructuring of Enterprises are generally …This Technical Note discusses key findings of the insolvency and creditor rights assessment for Lithuania. Lithuania … the bailiffs system has contributed to accelerating the recovery process and increasing the enforcement efficiency. In the …
Persistent link: https://www.econbiz.de/10011245697
effective insolvency procedures, which play a critical role in fostering growth and competitiveness and may also assist in the … insolvency system, a discussion of the advantages and disadvantages of these choices, and a number of specific recommendations …
Persistent link: https://www.econbiz.de/10014400253
This paper outlines a procedure for calculating the cash value of “menu items” in debt restructuring proposals, including par and non-par exchanges, with enhancements consisting of either interest or principal guarantees. It is argued that under certain plausible assumptions interest and...
Persistent link: https://www.econbiz.de/10014396239
Persistent link: https://www.econbiz.de/10014409912
Executive Board welcomes this development of Spain's financial sector. …
Persistent link: https://www.econbiz.de/10011245794
This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The...
Persistent link: https://www.econbiz.de/10011244201
The economic development of Hungary after the economic crisis is discussed. Hungary’s economic program supported by Stand-By Arrangement has been successful in strengthening the economy and stabilizing market conditions. Given Hungary’s high public debt and large financing needs,...
Persistent link: https://www.econbiz.de/10011244270
The study shows that the global financial crisis has adversely affected Kuwait’s financial system, especially in the Investment Company (IC) sector. Stress tests indicate that, in contrast to the ICs, the banking system could broadly withstand significant shocks. The Central Bank of...
Persistent link: https://www.econbiz.de/10011244313
The key findings of Denmark’s 2008 Article IV Consultation are examined. The global liquidity crisis put the financial sector under severe stress, but most banks have weathered the crisis well owing to strong initial positions and supportive policies. The crisis accelerated a downturn...
Persistent link: https://www.econbiz.de/10011244513
This paper presents key findings of the Financial System Stability Assessment of the Republic of Estonia. The Estonian financial sector is highly concentrated and foreign owned. Financial indicators suggest a sound banking sector, and show particular strength in asset quality and earnings. The...
Persistent link: https://www.econbiz.de/10011244568