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Consumer insolvency is a topic that has gained much prominence in the context of the financial crisis on both sides of … quite different approaches: the UK, Ireland, Germany, France and Spain. Since there is no law on consumer insolvency in … which bankruptcy procedures are the most appropriate. After a short presentation of each insolvency procedure, the …
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This paper analyzes the incidence of domestic and external debt crises for a sample of 53 emerging economies between 1980 and 2005. Even though there is substantial time variation in the default rates during the period, sovereign default rates for domestic debts are typically lower than those...
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