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Friday, May 15, 2020 | History

2 edition of economics of bankruptcy reform found in the catalog.

economics of bankruptcy reform

Philippe Aghion

economics of bankruptcy reform

by Philippe Aghion

  • 352 Want to read
  • 31 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Bankruptcy -- Europe, Eastern -- Mathematical models.

  • Edition Notes

    StatementPhilippe Aghion, Oliver Hart, John Moore.
    SeriesNBER working papers series -- working paper no. 4097, Working paper series (National Bureau of Economic Research) -- working paper no. 4097.
    ContributionsHart, Oliver D., Moore, John, 1954-, National Bureau of Economic Research.
    The Physical Object
    Pagination50, A1-A3, R1-R5 p. ;
    Number of Pages50
    ID Numbers
    Open LibraryOL22439592M

    Bankruptcy is in the air these days, from Enron to overextended former dot-commers. So-called "bankruptcy reform" -- intended to make bankruptcy more difficult and more punitive for debtors -- has been pushed by large creditors for years, and almost passed in the most recent session of Congress. I'm a first-semester law by: The Bankruptcy Reform Act of outlined the duties of the Commission: 1. to investigate and study issues and problems relating to ti US Code, 2. to evaluate the advisability of proposals and current arrangements with respect to such issues and problems, 3. to prepare and submit to the Congress, the Chief Justice, and the President a.

      Former Vice President Joe Biden says he now backs Massachusetts Sen. Elizabeth Warren's bankruptcy plan, endorsing his former Democratic rival's . Search the world's most comprehensive index of full-text books. My library.

    "Abuse or Protection: The Economics of Bankruptcy Reform under BAPCPA," University of Illinois Law Review, vol. , pp. (). "Bankruptcy and Small Business -- Lessons from the U.S. and Recent Reforms," in CESifo DICE Report,   Elizabeth Warren’s book, The Two-Income Trap, explained. Before she was a politician, Warren wrote a controversial book about family life and : Matthew Yglesias.


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Economics of bankruptcy reform by Philippe Aghion Download PDF EPUB FB2

The Economics of Bankruptcy Reform Philippe Aghion, Oliver D. Hart, John Moore Chapter in NBER book The Transition in Eastern Europe, Volume 2, Restructuring (), Olivier Blanchard, Kenneth Froot, Jeffrey Sachs, editors (p. - ). This book shows that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed economics of bankruptcy reform book.

It explores in detail both the principal features of corporate bankruptcy law and the specific characteristics of banks including the importance of public confidence, negative externalities of bank failures, fragmented regulatory framework, bank opaqueness Author: Matej Marinč.

The Economics of Bankruptcy Reform. appropriate distribution of this value across claimants); goal 2 is that it pre- serves the (ex ante) bonding role of debt by penalizing management adequately in bankruptcy states.

It is worth pointing out that goals 1 and 2 may be in conflict. run, the reform led to an approximate halving of the month bankruptcy ling risk for individuals with the same credit scores. Net of the excess lings ahead of implementation, there were more than one million fewer bankruptcy lings in the two years after BAPCPA was signed into law than would have occurred without the reform.

THEECONOMICSOFBANKRUPTCYREFORM by PhilippeAghion OliverHart JohnMoore February revisedMay tEuropeanBankforReconstructionandDevelopment,London,andDELTA,Paris. The Economics of Bankruptcy Reform Philippe Aghion, Oliver Hart, John Moore. NBER Working Paper No. Issued in June NBER Program(s):Corporate Finance Program.

We propose a new bankruptcy procedure. Initially, a firm's debts are cancelled, and cash and non-cash bids are solicited for the 'new" (all-equity) firm. The economics of bankruptcy reform By P. Aghion, O. Hart and J. Moore Get PDF ( KB)Author: P.

Aghion, O. Hart and J. Moore. The Economic Consequences of Bankruptcy Reform Tal Grossy Raymond Kluenderz Feng Liux Matthew J.

Notowidigdo{Jialan Wangk August Abstract A more generous consumer bankruptcy system provides greater insurance against nancial risks, but it may also raise the cost of credit to consumers. We study this trade-o using the File Size: KB. The Economic Consequences of Bankruptcy Reform Access to NBER Papers You are eligible for a free download if you are a subscriber, a corporate associate of the NBER, a journalist, an employee of the U.S.

federal government with a ".GOV" domain name, or a resident of nearly any developing country or transition : Tal Gross, Raymond Kluender, Feng Liu, Matthew J Notowidigdo, Jialan Wang.

During the nineteenth century, the federal government exercised its bankruptcy powers only sporadically and in response to major economic downturns. The first bankruptcy law lasted from tothe second from toand the third from to During the periods without a federal bankruptcy law.

This paper analyzes the effects of the recent ly-passed bankruptcy reform (“BAPCPA”) on debtors’ incentives to file for bankruptcy and to engage in opportunistic behavior that increases their financial gain from filing.

It also examines how the reform changes bankruptcy’s balance between providing partial consumption insurance to debtors versus facilitating the operation of credit markets.

COVID Resources. Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.

The Economics of Bankruptcy Reform In: The Transition in Eastern Europe, Volume 2, Restructuring. Author(s): Aghion, Philippe & Hart, Oliver & Moore, John. Abstract: We propose a new bankruptcy procedure. Initially, a firm's debts are cancelled, and cash and non-cash bids are solicited for the "new" (all equity) firm.

Former claimants are given shares, or options to buy shares, in the new firm on the basis of absolute priority. Options are exercised once the bids are in. Hart, Oliver, P Aghion, and J Moore. “The Economics of Bankruptcy Reform.” Journal of Law, Economics and Organization 8 (3).Cited by: Release Date: Janu The New Class War: Saving Democracy from the out of 5 stars 2.

Release Date: Janu Franchise: The Golden Arches in Black America. Marcia Chatelain. out of 5 stars 1. Release Date: January 7, A World Without Work: Technology, Automation, Daniel Susskind.

out of 5 stars 1. The consequences of bankruptcy reform The consumer bankruptcy rate rose from about percent of households filing annually in the early s to Author: Matthew Yglesias. Get this from a library. The Economics of Bankruptcy Reform.

[John Moore; Philippe Aghion; Oliver Hart; National Bureau of Economic Research;] -- We propose a new bankruptcy procedure.

Initially, a firm's debts are cancelled, and cash and non-cash bids are solicited for the 'new" (all-equity) firm. Former claimants are given shares, or options. from book The economics of bank bankruptcy law (pp) The Economics of Bank Bankruptcy Law. including the provisions of Dodd-Frank Wall Street reform and the consumer protection act, and.

Issued in August NBER Program(s):Law and Economics. This paper surveys research on the economics of corporate and personal bankruptcy law. Since the literatures on the two types of bankruptcy have developed in isolation of each other, a goal of.

'These volumes would be instrumental for instruction at the graduate level, where selections could be chosen for either MBA or law programs. Moreover, I would highly recommend this volume for the libraries of professional economists who provide litigation.CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We propose a new bankruptcy procedure.

Initially, a firm's debts are cancelled, and cash and non-cash bids are solicited for the 'new " (all-equity) firm. Former claimants are given shares, or options to buy shares, in the new firm on the basis of absolute priority.Since publication, bankruptcy law has had further revisions, noticeably the reform act.

As time moves on, this book becomes more a story of bankruptcy law at the turn of the 21st Century rather than a comprehensive review of the past, or an introduction to current by: