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The Economics of Bankruptcy and the Transition to a Market Economy

Author

Listed:
  • Abel, István
  • Gatsios, Konstantine

Abstract

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.

Suggested Citation

  • Abel, István & Gatsios, Konstantine, 1993. "The Economics of Bankruptcy and the Transition to a Market Economy," CEPR Discussion Papers 878, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:878
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    Citations

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    Cited by:

    1. Iraj Hashi, 1995. "The Economics of Bankrupcy, Reorganisation and Liquidation: Lessons for East European Transitional Economies," CASE Network Studies and Analyses 0041, CASE-Center for Social and Economic Research.

    More about this item

    Keywords

    Bankruptcy; Economic Transformation; Hungary; Liquidation; Reorganization;
    All these keywords.

    JEL classification:

    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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