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...
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INFORMACIÓN
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2010/10/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS5448
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1
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1
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2010/10/01
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Disclosed
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The challenges of bankruptcy reform
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Finance & Private Sector Development