1887

Credit Risk and Credit Access in Asia

image of Credit Risk and Credit Access in Asia

The sheer volume of debt hanging over Asian companies suggests that corporate insolvency should remain a top policy concern. This conference proceedings presents reports from each country on the trends and developments in debt and credit risk since the 1997-1998 Asian financial crisis. It also includes overview papers that examine the problem in a wider context. These papers suggest that risk management practices, legal systems, liquidation and recovery, and institutional infrastructure and capacity all require additional attention.

English

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Institutional Lessons from Insolvency Reforms in East Asia

Changes in Asian insolvency systems since 1997 vary widely in their success. Our research indicates that effective implementation of an insolvency system relies on three sets of institutional factors:

English

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