The Reform of the Bankruptcy Act carried out in Italy in 2005-2007 introduced two forms of workout agreements (out …

relationship between lending growth, leverage, and distress at the individual bank level for interwar Italy, which experienced … indicators shows that the features highlighted in the existing literature on leveraged credit booms do not apply to Italy. Italy …

Insolvency systems play a crucial role in protection of creditor rights, yet micro-level empirical evidence on the … functioning of insolvency regimes worldwide is sparse. We investigate whether creditors' recovery of outstanding claims, a measure … of ex-post efficiency of an insolvency regime, depends on the characteristics of the trustee delegated the administration …