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HomeMacroeconomic relevance of insolvency frameworks in a high-debt context
An EU perspective
Macroeconomic relevance of insolvency frameworks in a high-debt context
An EU perspective
Publication metadata
The high level of private debt in many EU countries has put a spotlight on the role that insolvency frameworks can play in helping to address debt overhangs and clean bank balance sheets of non-performing loans.This paper reviews the macroeconomic relevance of insolvency frameworks from an EU perspective, discusses design issues of insolvency regimes and presents the main features of insolvency frameworks in selected EU Member States. It also reviews recently enacted reforms and examines remaining reform priorities from a macroeconomic perspective.
- Published:
- Corporate author(s): Directorate-General for Economic and Financial Affairs (European Commission)
- Personal author(s): Bricongne, Jean-Charles ; Demertzis, Maria ; Ponťuch, Peter ; Turrini, Alessandro
- Themes: Economic policy — Economic and monetary union
- Subject: bankruptcy , debt , economic analysis , EU Member State , financial solvency , macroeconomics
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| ISSN 2443-8022 | ISBN 978-92-79-54436-1 | DOI 10.2765/03778 | Catalogue number KC-BD-16-032-EN-N |
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| ISSN | ISBN 978-92-79-54437-8 | DOI 10.2765/704406 | Catalogue number KC-BD-16-032-EN-C |
- Released on EU Publications:
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