Corporate and Household Debt Distress in Latvia : Strengthening the Incentives for Market-Based Approach to Debt Resolution »
Series: IMF Working Papers
Author(s): Magnus Saxegaard , Michaela Erbenova , and Yan Liu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2011
Keywords: insolvency law, debt, restructuring, insolvency, loans, Other Substantive Areas of Law: General,
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 s...