Dealing with private debt distress in the wake of the European financial crisis :: a review of the economics and legal toolbox /

"The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and - in some cases - institutional arrangements to deal with over-indebtedness. For households, where the problem in some cou...

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Bibliographische Detailangaben
Hauptverfasser: Liu, Yan, 1967- (VerfasserIn), Rosenberg, Christoph B. (VerfasserIn)
Körperschaften: International Monetary Fund. Legal Department, International Monetary Fund. European Department
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2013.
Schriftenreihe:IMF working paper ; WP/13/44.
Schlagworte:
Online-Zugang:DE-862
DE-863
Zusammenfassung:"The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and - in some cases - institutional arrangements to deal with over-indebtedness. For households, where the problem in some countries is large but no established best practice exists, reforms have generally sought to allow debtors a fresh start while minimizing moral hazard and preserving bank solvency and credit discipline. For the corporate sector, efforts have focused on facilitating debt restructuring (including through out of court mechanisms). Direct government intervention has been rare"--Abstract.
Beschreibung:Title from PDF title page (IMF Web site, viewed Feb. 20, 2013).
"Legal and European Department."
"February 2013."
Beschreibung:1 online resource (21 pages) : color illustrations
Bibliographie:Includes bibliographical references (pages 19-20).
ISBN:9781475552256
1475552254
9781475544305
1475544308

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