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What difference does it make, and for whom, whether the nonperforming debts of emerging market borrowers are restructured? This paper begins by positing a set of counterfactual conditions under which restructuring would not matter, and then shows how several ways in which the actual world of...
Persistent link: https://www.econbiz.de/10012471039
What difference does it make, and for whom, whether the nonperforming debts of emerging market borrowers are restructured? This paper begins by positing a set of counterfactual conditions under which restructuring would not matter, and then shows how several ways in which the actual world of...
Persistent link: https://www.econbiz.de/10013248231
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recently by the UK Insolvency Service in 2016, and these reform proposals are analysed and assessed. It is suggested that …
Persistent link: https://www.econbiz.de/10012981867
Insolvency and Creditor Rights Systems.The study offers an overview of out-of-court restructuring, which is not seen as … fundamentally opposed to formal insolvency procedures. Actually, the study contemplates different restructuring techniques as …
Persistent link: https://www.econbiz.de/10012676599
insolvency law. The latter two subjects are introduced in order to reduce the scope for submitting government to blackmail by …
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Im Gefolge der Finanzkrise werden Forderungen nach einer Reform oder sogar einer zeitlichen Aussetzung von Basel II laut. Kritisiert wird vor allem die systemimmanente Prozyklizität. Ist dieser Mechanismus mitverantwortlich für die bestehende oder vermeintliche Kreditklemme? Martin Hellwig...
Persistent link: https://www.econbiz.de/10003868068