Bankruptcy: Past Puzzles, Recent Reforms, and the Mortgage Crisis

@article{White2008BankruptcyPP,
  title={Bankruptcy: Past Puzzles, Recent Reforms, and the Mortgage Crisis},
  author={M. White},
  journal={NBER Working Paper Series},
  year={2008}
}
  • M. White
  • Published 2008
  • Business, Economics
  • NBER Working Paper Series
  • This paper discusses four bankruptcy-related policy issues. First, what is the economic rationale for having a bankruptcy procedure at all and what defines an economically efficient bankruptcy procedure? Second, why did the number of U.S. bankruptcy filings increase so dramatically between 1980 and 2005? Third, a major bankruptcy reform went into effect in the U.S. in 2005--what did it do and how did it affect credit and mortgage markets? Finally, the paper discusses the mortgage crisis, the… CONTINUE READING
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    Essays in Labor Economics

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