DP878 The Economics of Bankruptcy and the Transition to a Market Economy
|Author(s):||István Abel, Konstantine Gatsios|
|Publication Date:||December 1993|
|Keyword(s):||Bankruptcy, Economic Transformation, Hungary, Liquidation, Reorganization|
|Programme Areas:||Applied Macroeconomics|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=878|
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.