Resolution of Financial Distress: An International Perspective on the Design of Bankruptcy Laws


This book focuses on the principles of and practical approaches to addressing the public policy trade-off involved in systemic corporate and financial sector crises and the lessons learned from the changes taking place in bankruptcy frameworks around the world. It includes research on recent public policy initiatives for distress resolution or market-based restructuring.

Additional information

Includes content by:
  • Joseph E. Stiglitz
  • Michelle J. White
  • Jay Lawrence Westbrook
  • Rafael La Porta
  • Florencio Lopez-de-Silanes
Publisher: Place of publication:
  • Washington, DC
Publication year:
  • 2001


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