The research focuses on the analysis of the emergence of the institution of bankruptcy(insolvency) in Russia. More …

term. Originality/value The authors specially focus on the effectiveness of new rules issued by the Central Bank of Russia …

monopoly position of local governments as providers of local public goods, governance reform is even more important in the … assessment of recent Supreme Court jurisprudence, we argue that governance reform is permitted even under existing law. To be … reform. But political factors and the salience of the fiscal crisis make state intervention unlikely, thus underscoring the …

We argue that the 2005 bankruptcy abuse reform (BAR) contributed to the surge in subprime foreclosures that followed … BAR, so they would be less affected by the reform. Difference-in-difference regressions confirm four predictions implied …