The Economics of Bankruptcy and the Transition to a Market Economy

Istvan Abel and Konstantine Gatsios

No 878, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper looks at simple decision rules in bankruptcy procedures. It describes special issues of enterprise liquidation and reorganization during economic transformation. The reforms of the financial system and other important factors in economic transformation influence the impact of bankruptcy regulation in a way distorting it towards liquidation.

Keywords: Bankruptcy; Economic Transformation; Hungary; Liquidation; Reorganization (search for similar items in EconPapers)
JEL-codes: G33 P51 (search for similar items in EconPapers)
Date: 1993-12
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=878 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:878

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... pers/dp.php?dpno=878

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().