01808cas a2200253 a 4500 AALejournalIMF013380 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475544305 1018-5941 BD-DhAAL BD-DhAAL Liu, Yan. Dealing with Private Debt Distress in the Wake of the European Financial Crisis A Review of the Economics and Legal Toolbox / Yan Liu, Christoph Rosenberg. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and-in some cases-institutional arrangements to deal with over-indebtedness. For households, where the problem in some countries is large but no established best practice exists, reforms have generally sought to allow debtors a fresh start while minimizing moral hazard and preserving bank solvency and credit discipline. For the corporate sector, efforts have focused on facilitating debt restruturing (including through out of court mechanisms). Direct government intervention has been rare. Mode of access: Internet Rosenberg, Christoph. IMF Working Papers; Working Paper ; No. 2013/044 Full text available on IMF http://elibrary.imf.org/view/journals/001/2013/044/001.2013.issue-044-en.xml IMF e-Library