|
EconStor >
United Nations University (UNU) >
World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Discussion Papers, United Nations University (UNU) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/52811
|
| | |
| Title: | | Insolvency and debt recovery procedures in economic development: An overview of African law  |
| Authors: | | Wihlborg, Clas |
| Issue Date: | | 2002 |
| Series/Report no.: | | WIDER Discussion Papers // World Institute for Development Economics (UNU-WIDER) 2002/27 |
| Abstract: | | Insolvency and debt recovery procedures are as crucial to a well-performing financial sector as credit provision itself. They are even more important in Africa, where attempts are underway to create fully-fledged financial markets. For the financial system to be credible, creditors must be ensured that lenders will meet their obligations and that cases against them will be brought to closure. A good legal framework for insolvency also ensures distressed firms a form of orderly exit, thereby enabling their owners to start afresh. However, institutions of this nature take time to take effect, and need to be supported politically and by reforms in other sectors of the economy. |
| Subjects: | | legal reforms credibility bankruptcy debt recovery |
| JEL: | | E6 G3 K0 K4 |
| ISBN: | | 9291901733 |
| Document Type: | | Working Paper |
| Appears in Collections: | | WIDER Discussion Papers, United Nations University (UNU)
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/52811
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|