This study develops an institutional discussion about insolvency resolution systems. The main motivation was the analysis of a specific aspect of the bank-borrower relationship and its impacts on price and volumes of loan concessions. At this point, incentives and e.ciency issues emerge and are analyzed having the Brazilian legal system of insolvency reform, now in course, as a background.
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Length: Date of creation: 2004 Date of revision: Handle: RePEc:anp:en2004:097
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Find related papers by JEL classification: G3 - Financial Economics - - Corporate Finance and Governance D2 - Microeconomics - - Production and Organizations K2 - Law and Economics - - Regulation and Business Law
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Raghuram G. Rajan & Luigi Zingales, .
"Financial Dependence and Growth,"
CRSP working papers
344, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
Other versions:
Philippe Aghion & Oliver D. Hart & John Moore, 1994.
"The Economics of Bankruptcy Reform,"
NBER Chapters,
in: Transition in Eastern Europe, Volume 2, The, pages 215-244
National Bureau of Economic Research, Inc.
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