Numerous temporary legal, regulatory, and fiscal measures helped flatten the bankruptcy curve during the initial stages of the COVID-19 pandemic. These measures provided breathing space, both for debtors...
This paper analyzes the effects of the 2014-15 Chilean tax reform on firms' incentives to retain earnings and finance their operations with equity versus debt. The analysis comprises a comparison with...
Sub-Saharan African countries as a group showed a considerable reduction in public and external indebtedness in the early 2000s as a result of debt relief programs, higher economic growth, and improved...