The Economics of Bankruptcy and the Transition to a Market Economy

Istvan Abel and Konstantine Gatsios

No 878, CEPR Discussion Papers from C.E.P.R. Discussion Papers

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
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Citations: View citations in EconPapers (1)

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