Showing 1 - 10 of 12
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10010878424
This Selected Issues paper for the United States discusses the microeconomics of the country—household wealth and savings. Households’ consumption-saving decisions have an important bearing on the U.S. economic outlook. This paper demonstrates how households with consistently lower...
Persistent link: https://www.econbiz.de/10011244682
area of corporate insolvency, the Enterprise Bankruptcy Law and the Law on Restructuring of Enterprises are generally …
Persistent link: https://www.econbiz.de/10011245697
The global financial crisis has left a large private sector debt overhang and high levels of non- performing loans (NPLs) in several European countries. Small and medium-size enterprises (SMEs) represent a significant and weak segment of the nonfinancial corporate sector. SMEs face a number of...
Persistent link: https://www.econbiz.de/10011245900
relationship between banks' risk of failure, market structure, bank ownership, and banks' screening and bankruptcy costs. These … model rationalizes this evidence if both state-owned and foreign banks have either larger screening and/or lower bankruptcy … costs than private domestic banks, banks' differences in market shares, screening or bankruptcy costs are not too large, and …
Persistent link: https://www.econbiz.de/10005826093
This paper evaluates empirically four types of cost that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities. It finds that the economic...
Persistent link: https://www.econbiz.de/10005769045
This paper uses a stochastic continuous time model of the firm to study how different corporate governance structures affect the agency cost of debt. In the absence of asymmetric information, it shows that control of the firm by debtholders with a minority stake delays the exit decision and...
Persistent link: https://www.econbiz.de/10005599700
This paper provides an overview of key elements of Corporate Bankruptcy Codes and Practice around the world that are … relevant to the debate on Sovereign Debt Restructuring. It highlights four components common to most bankruptcy reorganization …
Persistent link: https://www.econbiz.de/10005605204
Persistent link: https://www.econbiz.de/10010790464
This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in the nonfinancial corporate sector. It then draws on lessons from past crises to explain three broad approaches that have been applied to corporate debt restructurings in the...
Persistent link: https://www.econbiz.de/10010790467