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E-RESOURCE
Author Cirmizi, Elena.

Title The challenges of bankruptcy reform Elena Cirmizi.

Published Washington, D.C. : The World Bank, 2010.

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Location Call No. Status
 UniM INTERNET Resource    AVAILABLE
Physical description 1 online resource (30 pages)
Series Policy research working papers.
Summary The 2008 financial crisis was followed by a global economic downturn, credit crunch, and reduction in cross-border lending, trade finance, remittances, and foreign direct investment, which adversely affected businesses around the world. The consequent increase in the number of firm insolvencies in the financial and corporate sectors highlights the importance of efficient bankruptcy laws. This paper summarizes the theoretical and empirical literature on bankruptcy design, discusses the challenges of introducing and implementing bankruptcy reforms, and presents examples of how policymakers are trying to use the current economic downturn as an opportunity to engage in meaningful reform of the bankruptcy process.
Other author World Bank.
Subject Bankruptcy.
Global Financial Crisis, 2008-2009.
Other uniform title World Bank e-Library.
Standard Number 10.1596/1813-9450-5448

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