Resolution of Financial Distress : An International Perspective on the Design of Bankruptcy Laws
The institutions of bankruptcy have been at the center of the great economic events of the last decade, ranging from the Asian economic crisis, to the transition from socialism to capitalism. Our understanding of the economic, and legal structure o...
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| Language: | English en_US |
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Washington, DC: World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/05/1652154/resolution-financial-distress-international-perspective-design-bankruptcy-laws http://hdl.handle.net/10986/14029 |
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okr-10986-140292021-04-23T14:03:10Z Resolution of Financial Distress : An International Perspective on the Design of Bankruptcy Laws Claesens, Stijn Djankov, Simeon Mody, Ashoka Claesens, Stijn Djankov, Simeon Mody, Ashoka ACCESS TO CREDIT AFFILIATES ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET SALES BANK CRISES BANK FAILURES BANK INSOLVENCY BANK OF JAPAN BANKRUPTCY BANKRUPTCY COURTS BANKRUPTCY LAW BANKRUPTCY LAWS BANKRUPTCY LEGISLATION BANKRUPTCY PROCEDURES BANKRUPTCY REFORM BANKRUPTCY REORGANIZATION COMPARATIVE ECONOMICS COMPETITIVE ADVANTAGE CONSUMER CREDIT CONSUMERS CORPORATE BANKRUPTCY CORPORATE CONTROL CORPORATE DEBT CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE RESTRUCTURING CORPORATE SECTOR CREDITOR CREDITORS CROSS-COUNTRY EXPERIENCE DEBT DEBT RESTRUCTURING DEBTORS DEBTS DEREGULATION DEVELOPMENT ECONOMICS ECONOMIC GROWTH ECONOMIC THEORY ECONOMICS ECONOMICS OF INFORMATION EMERGING MARKETS EMPLOYMENT EXPORTS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FISCAL FEDERALISM GOVERNMENT SUPPORT GUIDELINES INSOLVENCY INSTITUTIONAL DEVELOPMENT INTEREST RATE INTEREST RATES JUDICIAL SYSTEMS LABOR MARKETS LABOR MOBILITY LEGAL PROTECTION LEGISLATION LIQUIDATION LIQUIDITY MANAGERIAL ECONOMICS MERGERS NONPERFORMING LOANS PENALTIES POLITICAL ECONOMY PRICE CONTROLS PRIVATIZATION PUBLIC DEBT PUBLIC POLICY REGULATORY FORBEARANCE REORGANIZATION SECONDARY MARKETS SECURITIES SHAREHOLDERS TAKEOVER TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT WEALTH WORKING CAPITAL INSTITUTIONAL MANAGEMENT BANKRUPTCY BANKING RISK MANAGEMENT BANKING LEGISLATION FINANCIAL REGULATION BANKING REFORMS ECONOMIC CRISIS TRANSITION ECONOMIES MARKET ECONOMY INSTITUTIONAL ECONOMICS ECONOMIC DEVELOPMENT DATA ANALYSIS LEGAL REFORMS POLITICAL POWER INSTITUTIONAL REFORM FINANCIAL POLICY The institutions of bankruptcy have been at the center of the great economic events of the last decade, ranging from the Asian economic crisis, to the transition from socialism to capitalism. Our understanding of the economic, and legal structure of these institutions, as well as of their impact on economic development, has advanced considerably during this period as well. This study provides valuable information on the advances for resolution of financial distress, through theoretical studies, historical data, and evidence from recent worldwide experiences. It illustrates the possibilities, and methods of beneficial legal reform of bankruptcy procedures, as well as the pitfalls of misguided political action. The study is a timely, and valuable resource for economists, lawyers, and all others interested in institutional reform in emerging financial markets. 2013-06-19T20:06:11Z 2013-06-19T20:06:11Z 2001-05 http://documents.worldbank.org/curated/en/2001/05/1652154/resolution-financial-distress-international-perspective-design-bankruptcy-laws 0-8213-4906-6 http://hdl.handle.net/10986/14029 English en_US WBI Development Study; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research :: Publication |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CREDIT AFFILIATES ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET SALES BANK CRISES BANK FAILURES BANK INSOLVENCY BANK OF JAPAN BANKRUPTCY BANKRUPTCY COURTS BANKRUPTCY LAW BANKRUPTCY LAWS BANKRUPTCY LEGISLATION BANKRUPTCY PROCEDURES BANKRUPTCY REFORM BANKRUPTCY REORGANIZATION COMPARATIVE ECONOMICS COMPETITIVE ADVANTAGE CONSUMER CREDIT CONSUMERS CORPORATE BANKRUPTCY CORPORATE CONTROL CORPORATE DEBT CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE RESTRUCTURING CORPORATE SECTOR CREDITOR CREDITORS CROSS-COUNTRY EXPERIENCE DEBT DEBT RESTRUCTURING DEBTORS DEBTS DEREGULATION DEVELOPMENT ECONOMICS ECONOMIC GROWTH ECONOMIC THEORY ECONOMICS ECONOMICS OF INFORMATION EMERGING MARKETS EMPLOYMENT EXPORTS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FISCAL FEDERALISM GOVERNMENT SUPPORT GUIDELINES INSOLVENCY INSTITUTIONAL DEVELOPMENT INTEREST RATE INTEREST RATES JUDICIAL SYSTEMS LABOR MARKETS LABOR MOBILITY LEGAL PROTECTION LEGISLATION LIQUIDATION LIQUIDITY MANAGERIAL ECONOMICS MERGERS NONPERFORMING LOANS PENALTIES POLITICAL ECONOMY PRICE CONTROLS PRIVATIZATION PUBLIC DEBT PUBLIC POLICY REGULATORY FORBEARANCE REORGANIZATION SECONDARY MARKETS SECURITIES SHAREHOLDERS TAKEOVER TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT WEALTH WORKING CAPITAL INSTITUTIONAL MANAGEMENT BANKRUPTCY BANKING RISK MANAGEMENT BANKING LEGISLATION FINANCIAL REGULATION BANKING REFORMS ECONOMIC CRISIS TRANSITION ECONOMIES MARKET ECONOMY INSTITUTIONAL ECONOMICS ECONOMIC DEVELOPMENT DATA ANALYSIS LEGAL REFORMS POLITICAL POWER INSTITUTIONAL REFORM FINANCIAL POLICY |
| spellingShingle |
ACCESS TO CREDIT AFFILIATES ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET SALES BANK CRISES BANK FAILURES BANK INSOLVENCY BANK OF JAPAN BANKRUPTCY BANKRUPTCY COURTS BANKRUPTCY LAW BANKRUPTCY LAWS BANKRUPTCY LEGISLATION BANKRUPTCY PROCEDURES BANKRUPTCY REFORM BANKRUPTCY REORGANIZATION COMPARATIVE ECONOMICS COMPETITIVE ADVANTAGE CONSUMER CREDIT CONSUMERS CORPORATE BANKRUPTCY CORPORATE CONTROL CORPORATE DEBT CORPORATE FINANCE CORPORATE GOVERNANCE CORPORATE RESTRUCTURING CORPORATE SECTOR CREDITOR CREDITORS CROSS-COUNTRY EXPERIENCE DEBT DEBT RESTRUCTURING DEBTORS DEBTS DEREGULATION DEVELOPMENT ECONOMICS ECONOMIC GROWTH ECONOMIC THEORY ECONOMICS ECONOMICS OF INFORMATION EMERGING MARKETS EMPLOYMENT EXPORTS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKETS FINANCIAL RESTRUCTURING FINANCIAL SECTOR FISCAL FEDERALISM GOVERNMENT SUPPORT GUIDELINES INSOLVENCY INSTITUTIONAL DEVELOPMENT INTEREST RATE INTEREST RATES JUDICIAL SYSTEMS LABOR MARKETS LABOR MOBILITY LEGAL PROTECTION LEGISLATION LIQUIDATION LIQUIDITY MANAGERIAL ECONOMICS MERGERS NONPERFORMING LOANS PENALTIES POLITICAL ECONOMY PRICE CONTROLS PRIVATIZATION PUBLIC DEBT PUBLIC POLICY REGULATORY FORBEARANCE REORGANIZATION SECONDARY MARKETS SECURITIES SHAREHOLDERS TAKEOVER TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT WEALTH WORKING CAPITAL INSTITUTIONAL MANAGEMENT BANKRUPTCY BANKING RISK MANAGEMENT BANKING LEGISLATION FINANCIAL REGULATION BANKING REFORMS ECONOMIC CRISIS TRANSITION ECONOMIES MARKET ECONOMY INSTITUTIONAL ECONOMICS ECONOMIC DEVELOPMENT DATA ANALYSIS LEGAL REFORMS POLITICAL POWER INSTITUTIONAL REFORM FINANCIAL POLICY Claesens, Stijn Djankov, Simeon Mody, Ashoka Resolution of Financial Distress : An International Perspective on the Design of Bankruptcy Laws |
| relation |
WBI Development Study; |
| description |
The institutions of bankruptcy have been
at the center of the great economic events of the last
decade, ranging from the Asian economic crisis, to the
transition from socialism to capitalism. Our understanding
of the economic, and legal structure of these institutions,
as well as of their impact on economic development, has
advanced considerably during this period as well. This study
provides valuable information on the advances for resolution
of financial distress, through theoretical studies,
historical data, and evidence from recent worldwide
experiences. It illustrates the possibilities, and methods
of beneficial legal reform of bankruptcy procedures, as well
as the pitfalls of misguided political action. The study is
a timely, and valuable resource for economists, lawyers, and
all others interested in institutional reform in emerging
financial markets. |
| author2 |
Claesens, Stijn |
| author_facet |
Claesens, Stijn Claesens, Stijn Djankov, Simeon Mody, Ashoka |
| format |
Publications & Research :: Publication |
| author |
Claesens, Stijn Djankov, Simeon Mody, Ashoka |
| author_sort |
Claesens, Stijn |
| title |
Resolution of Financial Distress : An International Perspective on the Design of Bankruptcy Laws |
| title_short |
Resolution of Financial Distress : An International Perspective on the Design of Bankruptcy Laws |
| title_full |
Resolution of Financial Distress : An International Perspective on the Design of Bankruptcy Laws |
| title_fullStr |
Resolution of Financial Distress : An International Perspective on the Design of Bankruptcy Laws |
| title_full_unstemmed |
Resolution of Financial Distress : An International Perspective on the Design of Bankruptcy Laws |
| title_sort |
resolution of financial distress : an international perspective on the design of bankruptcy laws |
| publisher |
Washington, DC: World Bank |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/05/1652154/resolution-financial-distress-international-perspective-design-bankruptcy-laws http://hdl.handle.net/10986/14029 |
| _version_ |
1764425034228563968 |