List Books » Resolution of Financial Distress: An International Perspective on the Design of Bankruptcy Laws
Authors: Constantijn A. Claessens (Editor), Ashoka Mody (Editor), Simeon Djankov
ISBN-13: 9780821349069, ISBN-10: 0821349066
Format: Paperback
Publisher: World Bank Publications
Date Published: June 2001
Edition: (Non-applicable)
The institutions of bankruptcy have been at the center of the great economic events of the last decade, ranging from the Asian economic crisis, to the transition from socialism to capitalism. Our understanding of the economic, and legal structure of these institutions, as well as of their impact on economic development, has advanced considerably during this period as well. This study provides valuable information on the advances for resolution of financial distress, through theoretical studies, historical data, and evidence from recent worldwide experiences. It illustrates the possibilities, and methods of beneficial legal reform of bankruptcy procedures, as well as the pitfalls of misguided political action. The study is a timely, and valuable resource for economists, lawyers, and all others interested in institutional reform in emerging financial markets.
Foreword | ||
Contributors | ||
Resolution of Financial Distress: An Overview | ||
1 | Bankruptcy Laws: Basic Economic Principles | 1 |
2 | Bankruptcy Procedures in Countries Undergoing Financial Crises | 25 |
3 | Systemic Corporate Distress: A Legal Perspective | 47 |
4 | Creditor Protection and Bankruptcy Law Reform | 65 |
5 | Corporate Debt Restructuring: Auctions Speak Louder Than Words | 91 |
6 | Alphatec Electronics PCL | 107 |
7 | Corporate Debt Restructuring in a Systemic Financial Crisis: Mexico's Experience, 1996-98 | 149 |
8 | Reconstruction Finance Corporation Assistance to Financial Intermediaries and Commercial and Industrial Enterprises in the United States, 1932-37 | 167 |
9 | Japan Confronts Corporate Restructuring | 205 |
10 | Financial Restructuring in East Asia: Halfway There? | 229 |
11 | The Politics of Corporate and Financial Restructuring: A Comparison of Korea, Thailand, and Indonesia | 261 |
12 | The Role of Cross-Border Mergers and Acquisitions in Asian Restructuring | 305 |
13 | Asset Management Companies | 341 |
Index | 381 |