| Author (Person) | Bricongne, Jean-Charles, Demertzis, Maria, Pontuch, Peter, Turrini, Alessandro |
|---|---|
| Author (Corporate) | European Commission: DG Economic and Financial Affairs |
| Publisher | Publications Office of the European Union |
| Series Title | European Economy: Discussion Papers |
| Series Details | Number 32 |
| Publication Date | June 2016 |
| ISBN | 978-92-79-54436-1 |
| ISSN | 2443-8022 |
| EC | KC-BD-16-032-EN-N |
| Content Type | Research Paper |
|
Summary: This paper discusses the economic relevance of insolvency frameworks in the current EU context. In particular, it discusses the macroeconomic effects of excessive debt and how insolvency frameworks can help address it. It then illustrates the main elements and features of insolvency frameworks and discusses the main trade-offs relevant in designing effective systems. Last, it presents the main characteristics of insolvency frameworks in selected EU countries, recent reforms undertaken in a context of high and widespread indebtedness, and discusses reform priorities looking forward from a macroeconomic perspective. |
|
| Source Link |
Link to Main Source
http://dx.publications.europa.eu/10.2765/03778
Alternative sources
|
| Subject Categories | Economic and Financial Affairs |
| Subject Tags | Financial Services |
| Keywords | Insolvency |
| International Organisations | European Union [EU] |
