Hudson, John; Cuthbertson, Keith - In: The Manchester School of Economic & Social Studies 61 (1993) 1, pp. 65-81
This paper analyzes the determinants of bankruptcies in the United Kingdom. The results suggest that important determina nts of bankruptcies are unemployment, increases in interest rates, and b ank and mortgage debt outstanding. The number of self-employed is used t o proxy the number of small...