Showing 1 - 10 of 1,506
Persistent link: https://www.econbiz.de/10011662792
This paper studies the optimal determination of bankruptcy exemptions for risk averse borrowers who use unsecured contracts but have the possibility of defaulting. I show that, in a large class of economies, knowledge of four variables is sufficient to determine whether a bankruptcy exemption...
Persistent link: https://www.econbiz.de/10011975293
Persistent link: https://www.econbiz.de/10012201727
This paper explores cross-country differences in the design of insolvency regimes, based on quantitative indicators … for 2010 and 2016 – aim to better capture the key design features of insolvency which impact the timely initiation and … resolution of personal and corporate insolvency proceedings. According to these metrics, the design of insolvency regimes varies …
Persistent link: https://www.econbiz.de/10011914641
This paper explores cross-country differences in the design of insolvency regimes and their potential links with two … competitive market) and capital misallocation. New cross-country policy indicators of insolvency regimes are constructed based on … countries’ responses to a recent OECD questionnaire, which aimed to better capture the key design features of insolvency which …
Persistent link: https://www.econbiz.de/10011700546