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(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 legal, financial, and regulatory challenges to restructuring that … differ from those of larger corporates, such as a rigid and costly insolvency regime, a higher fixed cost to loan …
Persistent link: https://www.econbiz.de/10011245900
showed an inert performance. The state’s policies have helped the flow of finance and prevent bankruptcy, but several other …
Persistent link: https://www.econbiz.de/10011244991
This paper reviews the tasks and design of audit committees, increasingly recommended as a way to strengthen financial accountability and good central bank governance. It outlines the motivations for the establishment of audit committees in commercial corporations and public sector entities, and...
Persistent link: https://www.econbiz.de/10005605398
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 …
Persistent link: https://www.econbiz.de/10011245697
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
This paper examines access to business finance by Canadian small and medium-sized enterprises (SMEs) and to housing … SMEs. The paper also finds the market for housing finance to be highly advanced and sophisticated. However, non …
Persistent link: https://www.econbiz.de/10005769089
the household and SMEs sectors could affect this process. The first section of the paper discusses implications of global … households and SMEs for the rebalancing process. The last section concludes with policy recommendations. …
Persistent link: https://www.econbiz.de/10011243587
This paper discusses a detailed assessment report on the observance of China’s compliance with the International Organization of Securities Commission's objectives and principles of securities regulation. The reform of nontradable shares introduced a market-based pricing system for...
Persistent link: https://www.econbiz.de/10011242961