Orderly and Effective Insolvency Procedures
Title | Orderly and Effective Insolvency Procedures PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Total Pages | 108 |
Release | 1999-08-02 |
Genre | Business & Economics |
ISBN | 9781557758200 |
Written by IMF's Legal Department, this book outlines the key issues involved in designing and implementing orderly and effective insolvency procedures, which play a critical role in fostering growth and competitiveness and may also assist in the prevention and resolution of financial crises. The book draws on lessons learned from firsthand experience by some of the IMF's 182 member countries. It includes an analysis of the major policy choices that countries need to address when designing an insolvency system, a discussion of the advantages and disadvantages of these choices, and a number of specific recommendations.
Orderly and Effective Insolvency Procedures
Title | Orderly and Effective Insolvency Procedures PDF eBook |
Author | International Monetary Fund Staff |
Publisher | |
Total Pages | |
Release | 2000-07-15 |
Genre | |
ISBN | 9781475510546 |
Written by IMF's Legal Department, this book outlines the key issues involved in designing and implementing orderly and effective insolvency procedures, which play a critical role in fostering growth and competitiveness and may also assist in the prevention and resolution of financial crises. The book draws on lessons learned from firsthand experience by some of the IMF's 182 member countries. It includes an analysis of the major policy choices that countries need to address when designing an insolvency system, a discussion of the advantages and disadvantages of these choices, and a number of specific recommendations.
The Law and Economics of Orderly and Effective Insolvency
Title | The Law and Economics of Orderly and Effective Insolvency PDF eBook |
Author | Keith Crawford |
Publisher | |
Total Pages | |
Release | 2013 |
Genre | |
ISBN |
An Overview of the Legal, Institutional, and Regulatory Framework for Bank Insolvency
Title | An Overview of the Legal, Institutional, and Regulatory Framework for Bank Insolvency PDF eBook |
Author | International Monetary Fund. Monetary and Capital Markets Department |
Publisher | International Monetary Fund |
Total Pages | 77 |
Release | 2009-04-17 |
Genre | Business & Economics |
ISBN | 1498336051 |
This study provides an overview of the legal, institutional, and regulatory framework that countries should put in place to address cases of bank insolvency. It is primarily intended to inform the work of the staffs of the International Monetary Fund (IMF) and World Bank, and to provide guidance to their member countries.
Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies
Title | Insolvency Prospects Among Small-and-Medium-Sized Enterprises in Advanced Economies PDF eBook |
Author | Mr.Federico J Diez |
Publisher | International Monetary Fund |
Total Pages | 29 |
Release | 2021-04-02 |
Genre | Business & Economics |
ISBN | 1513574566 |
The COVID-19 pandemic has increased insolvency risks, especially among small and medium enterprises (SMEs), which are vastly overrepresented in hard-hit sectors. Without government intervention, even firms that are viable a priori could end up being liquidated—particularly in sectors characterized by labor-intensive technologies, threatening both macroeconomic and social stability. This staff discussion note assesses the impact of the pandemic on SME insolvency risks and policy options to address them. It quantifies the impact of weaker aggregate demand, changes in sectoral consumption patterns, and lockdowns on firm balance sheets and estimates the impact of a range of policy options, for a large sample of SMEs in (mostly) advanced economies.
Insolvency and Enforcement Reforms in Italy
Title | Insolvency and Enforcement Reforms in Italy PDF eBook |
Author | José Garrido |
Publisher | International Monetary Fund |
Total Pages | 21 |
Release | 2016-07-11 |
Genre | Business & Economics |
ISBN | 1475570244 |
Italian banks are burdened with high levels of nonperforming loans, the cleanup of which depends in important part on the efficiency of insolvency and enforcement processes. Traditionally, these processes in Italy have taken very long, hampering the timely cleanup of balance sheets. In response, the authorities have legislated a number of measures. This paper explores the recent insolvency and enforcement reforms and the remaining challenges. These reforms introduce important positive changes that are expected to yield full benefits over the medium to long term. The efficacy of the reforms, including to deal with the current stock of high nonperforming loans, can be enhanced by introducing effective out-of-court enforcement mechanisms, supplemented by a more intensive use of informal and hybrid debt-restructuring solutions. Moreover, there is an urgent need to rationalize the system, which over the years has become very complex and intricate.
The Use of Data in Assessing and Designing Insolvency Systems
Title | The Use of Data in Assessing and Designing Insolvency Systems PDF eBook |
Author | José Garrido |
Publisher | International Monetary Fund |
Total Pages | 44 |
Release | 2019-02-04 |
Genre | Business & Economics |
ISBN | 1484396227 |
To date, the use of empirical data in insolvency law analysis has been sporadic. This paper provides a conceptual framework for the use of data to assess the effectiveness and efficiency of insolvency systems. The paper analyzes the existing sources of data on insolvency proceedings, including general insolvency statistics, judicial statistics, statistics of insolvency regulators and other sources, and advocates for the design of special data collection mechanisms and statistics to conduct detailed assessments of insolvency systems and to assist in the design of legal reforms.