Private Sector Financial Contract Design to Overcome Public Sector Inefficiencies in Emerging Markets
Emerging markets are typically characterized by various inefficiencies in their public sector framework for doing business. We focus on inefficiencies in enforcing financial contracts, e.g., lengthy delays in settling lawsuits. When financial contracts are hard to enforce, then lenders worry that borrowers can hold up ...
https://iems.ust.hk/research/project/2013/mukherjee-private-sector-financial-contract-design