01698cas a2200241 a 4500 AALejournalIMF022055 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484314210 1018-5941 BD-DhAAL BD-DhAAL Sobrinho, Nelson. Bankruptcy Technology, Finance, and Entrepreneurship / Nelson Sobrinho. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (41 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 Using an overlapping-generations growth model featuring financial intermediation, I find that inefficiencies in technology to deal with private debt distress (bankruptcy technology), and obstacles to entrepreneurship (high costs of doing business) have significant negative effects on the income per capita and welfare of developing countries. These inefficiencies may also interact in perverse ways, futher amplifying the negagtive effects in the long run. The results provide strong rationale for structural reforms that simultaneously speed up the resolution of private sector insolvency, improve creditor protection, and eliminate obstacles to entrepreneurship. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2017/188 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/188/001.2017.issue-188-en.xml IMF e-Library