Social and environmental accounting (SEA) is currently going through a period of critical self-
analysis. Fundamental questions are being raised about how SEA should be defined, who …

This paper uses data on all house transactions in Massachusetts over the last 20 years to
show that houses sold after foreclosure, or close in time to the death or bankruptcy of a …

Bankruptcy is the legal process by which the debts of firms, individuals, and occasionally
governments in financial distress are resolved. Bankruptcy law always includes three …

I study the implications of two major debt-relief policies in the United States: the Bankruptcy
Abuse Prevention and Consumer Protection Act (BAPCPA) and the Home Affordable …

A more generous consumer bankruptcy system provides greater insurance against financial
risks but may also raise the cost of credit. We study this trade-off using the 2005 Bankruptcy …

We analyze the main forces affecting financial system pro-cyclicality (the fact that
developments in the financial sector can amplify business cycle fluctuations). We first review …

ABSTRACT The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act
(BAPCPA) is the most important reform of personal bankruptcy in the United States in recent …

This paper discusses four bankruptcy-related policy issues. First, what is the economic
rationale for having a bankruptcy procedure at all and what defines an economically efficient …

Governments throughout the world intervene heavily in housing markets, and most have
multiple policies to pursue multiple goals. This chapter deals with two of the largest types of …

Student loans finance investments in human capital. Incentive problems arising from lack of
collateral in human capital investments have been used to justify the differential bankruptcy …