Aysun, Uluc; Honig, Adam - 2008
Department of Economics Working Paper Series
Bankruptcy Costs, Liability Dollarization, and Vulnerability to
Sudden … Finance Premium
We calibrate the financial sector parameters to match the following: 1)_Annual business
failure rate of 10 …’s
2008 Doing Business report, bankruptcy costs are much larger for emerging market countries.
For example, the low recovery …