Corporate and Household Debt Distress in Latvia : Strengthening the Incentives for a Market-Based Approach to Debt Resolution

Strengthening the Incentives for a Market-Based Approach to Debt Resolution

Corporate and Household Debt Distress in Latvia : Strengthening the Incentives for a Market-Based Approach to Debt Resolution
This paper reviews Latvia's efforts to manage the increase in debt distress resulting from the unwinding of the 2000-07 credit boom and spillovers from the global financial crisis. The authorities have designed a strategy that strengthens incentives for marked-based debt resolution by improving the legal framework for credit enforcement,... READ MORE...

Publication date: April 2011
ISBN 9781455226030
$18.00

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