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Cover image for book Banking and Debt Recovery in Emerging Markets

Banking and Debt Recovery in Emerging Markets

The Law Reform Context
By:Sonali Abeyratne
Publisher:Taylor & Francis
Print ISBN:9781138635425
eText ISBN:9781351791397
Edition:1
Copyright:2001
Format:Reflowable

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This title was first published in 2001. A developing country that is pursuing free market economic policies requires a modern commercial law infrastructure, which enables the emerging economy to have in place properly functioning credit and other financial systems which stimulate domestic and foreign investment. This book provides a comparative analysis of the law and practice of debt recovery in India, Sri Lanka and Malaysia, demonstrating that a suitable debt-recovery system for a developing economy requires not only good laws and judicial remedies, but also appropriate financial industry practices such as credit and loan supervision policies.