Debt Enforcement Around the World

DSpace/Manakin Repository

dc.contributor.author	Shleifer, Andrei
dc.contributor.author	McLiesh, Caralee
dc.contributor.author	Hart, Oliver
dc.contributor.author	Djankov, Simeon
dc.date.accessioned	2009-05-20T18:27:40Z
dash.embargo.terms	2009-12-31
dc.date.issued	2008
dc.identifier.citation	Djankov, Simeon, Oliver Hart, Caralee McLiesh, and Andrei Shleifer. 2008. Debt enforcement around the world. Journal of Political Economy 116(6): 1105-1149.	en
dc.identifier.issn	0022-3808	en
dc.identifier.uri	http://nrs.harvard.edu/urn-3:HUL.InstRepos:2961825
dc.description.abstract	Insolvency practitioners from 88 countries describe how debt enforcement will proceed against an identical hotel about to default on its debt. We use the data on time, cost, and the likely disposition of the assets (preservation as a going concern vs. piecemeal sale) to construct a measure of the efficiency of debt enforcement in each country. This measure is strongly correlated with per capita income and legal origin and predicts debt market development. Several characteristics of debt enforcement procedures, such as the structure of appeals and availability of floating charge finance, influence efficiency.	en
dc.description.sponsorship	Economics	en
dc.language.iso	en_US	en
dc.publisher	University of Chicago Press	en
dc.relation.isversionof	http://dx.doi.org/10.1086/595015	en
dash.license	LAA
dc.title	Debt Enforcement Around the World	en
dc.relation.journal	Journal of Political Economy	en
dash.depositing.author	Hart, Oliver
dc.date.available	2009-12-31T08:30:11Z