An Economic Analysis of Bankruptcy Laws and Financial Institutions in Reforming Socialist Economies

社会主义经济改革中破产法与金融机构的经济分析

• 批准号: 9109696
• 负责人: Janet Mitchell
• 金额: --
• 依托单位: Cornell University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 1991
• 资助国家: 美国
• 起止时间: 1991-08-15 至 1994-01-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=9109696&HistoricalAwards=false
• 关键词: Economic; Analysis; Bankruptcy; Laws; Financial

Economic reform in Eastern Europe and the Soviet Union has attracted great attention in the past year. Reforming governments have sought advice about how to lay the foundations for the operation of capitalist market economies. A necessary precondition for the proper functioning of capital markets is implementation of clear and enforceable definitions of property rights, of which bankruptcy laws are an important component. It is precisely these rights and laws that are currently lacking in Eastern Europe. Although previous researchers have produced legal or historical comparative studies of bankruptcy laws or financial institutions, no modern analysis or theory exists for the transition from socialism to capitalism. This research examines the problems of design and implementation of bankruptcy laws and the link between bankruptcy statutes and capital markets during the transition from centrally planning and largely state-owned economies to market-oriented economies with private ownership. The study is comparative, not only among the several East European states themselves, but also regarding capitalist economies with longstanding bankruptcy systems. The research methodology employs a combination of formal, mathematical modeling, economic analysis of legal and financial developments, and gathering of data regarding design and enforcement of bankruptcy laws in these two sets of economies. This research should enhance our understanding of the role and functions of law and of economic behavior under conditions of rapid social transformation. It will contribute to the development of aspects of the theory of financial reform necessary for the move from nonmarket to market economic systems. Also, it is likely to advance knowledge about the economics of law and the optimal strategies and policy options for legislative reform regarding key economic laws such as bankruptcy.

东欧和苏联的经济改革 在过去的一年里引起了极大的关注。 改革的政府 已经就如何为 资本主义市场经济的运作。 必要的先决条件 资本市场正常运行的关键是， 明确和可执行的产权定义，其中 破产法是一个重要组成部分。 恰恰是这些 这些都是目前东欧国家所缺乏的法律和法规。 虽然以前的研究人员已经产生了法律的或历史的 破产法或金融机构的比较研究， 没有现代的分析或理论存在的过渡， 从社会主义到资本主义 本研究探讨了设计和实施的问题 破产法和破产法规之间的联系 从中央计划经济向资本市场过渡期间， 国有经济向市场经济转变， 私有制。 这项研究是比较性的，不仅是在 一些东欧国家，但也 资本主义经济与长期破产制度。 的 研究方法采用了形式，数学， 建模，法律的和金融发展的经济分析， 和收集有关设计和执行的数据 这两种经济体的破产法。 这项研究应该加强我们对作用的理解， 法律和经济行为在快速发展条件下的作用 社会转型 它将有助于发展 金融改革理论方面的必要举措 从非市场经济到市场经济。 此外，它很可能 推进法律经济学和最优 立法改革的战略和政策选择 经济法，如破产法。