This paper looks at the important role of pre-insolvency frameworks in encouraging entrepreneurship and softening the impact of deleveraging on financial stability and economic activity.
Information and identifiers
(Discussion Papers 4. September 2015. Brussels. PDF. 32pp. Tab. Graph. Ann. Bibliogr. Free.)
JEL classification: C23, D02, G33, K20, K35
Discussion Papers are written by the staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and to seek comments and suggestions for further analysis. The views expressed are the author’s alone and do not necessarily correspond to those of the European Commission.