In this vein the banking sector earnestly looks forward to an insolvency law that is in line with international practice. In terms of liquidation order, giving priority to employees’ entitlement definitely makes social and political sense.
So, to the extent that it has contributed to a stronger and more durable recovery in the US, it has also benefitted EMEs, including India. 10. This case illustrates that before one imposes discipline on spillovers, it will be critical to assess their impact.