Bricongne, Jean-Charles, Demertzis, Maria, Pontuch, Peter, Turrini, Alessandro, (2016), “Macroeconomic Relevance of Insolvency Frameworks in a High-debt Context: An EU Perspective”, European Commission, Discussion Paper 032, Ιούνιος
The high level of private debt in many EU countries has put a spotlight on the role that insolvency frameworks can play in helping to address debt overhangs and clean bank balance sheets of nonperforming loans. This paper reviews the macroeconomic relevance of insolvency frameworks from an EU perspective, discusses design issues of insolvency regimes and presents the main features of insolvency frameworks in selected EU Member States. It also reviews recently enacted reforms and examines remaining reform priorities from a macroeconomic perspective.
Σχετικές Αναρτήσεις
- Feldstein, Martin, (2016), “A Debt Agenda for the G7”, Project Syndicate, 23 Μαϊου
- Nicoletta Batini, Giovanni Melina, Stefania Villa, (2016), “Fiscal Buffers, Private Debt, and Stagnation : The Good, the Bad and the Ugly”, IMF WP No. 16/104