Publication: Evaluating the efficiency of a bankruptcy reform
The current financial crisis has pushed many firms to the brink of bankruptcy. A key policy question is thus whether bankruptcy laws are efficient, in the sense of allowing better firms to reorganize while liquidating unviable firms. The sixth in impact series presents lessons from a reform in Colombia that achieved this objective.
“Gine, Xavier; Love, Inessa. 2009. Evaluating the efficiency of a bankruptcy reform. Finance & PSD Impact; No. 6. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/cfb6d3d7-36ee-579f-9bf1-49765088260a License: CC BY 3.0 IGO.”