Cost and Effectiveness of Banking Sector Restructuring in Transition Economies

The paper analyses the cost and effectiveness of bank restructuring policies in 11 transition countries during 1991-98. It argues that country-specific banking sector features, the size of bad loans inherited from the centrally planned system, and weaknesses in the restructuring policies implemented were the main factors affecting the overall fiscal costs, with the latter two being more significant. The paper finds no significant relationship between the size of restructuring costs and overall improvement in banking sector performance for the sample countries as a whole.

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Year of publication:	2001-10-01
Authors:	Zoli, Edda
Institutions:	International Monetary Fund (IMF)
Subject:	Bank restructuring \| banking \| banking sector \| banking sector problems \| bonds \| banking system \| present value \| recapitalization \| banking crises \| national bank \| bank credit \| bank liabilities \| bank portfolios \| consolidation bonds \| moral hazard \| bank liquidity \| liquidity support \| banking system assets \| bank problems \| banking supervision \| banking crisis \| bank policy \| private bank \| government bonds \| bank assistance \| deposit insurance \| insider lending \| bond \| international financial statistics \| bank liquidations \| monetary authority \| bank recapitalization \| financial system \| financial intermediation \| banks ? assets \| bank assets \| bond issues \| foreign exchange \| banking assets \| cash deposit \| bank governance \| interest rates on bonds \| currency crisis \| loan classification \| cash flow \| banking loans \| stabilization programs \| banking institutions \| bank restructuring strategies \| zero coupon bonds \| bank debt \| retail bank \| bank deposits \| coupon bonds \| systemic banking crises \| bank runs \| bank shares \| financial institutions \| bank insolvencies \| deposit rates \| bank licenses \| deposit rate \| banking law \| compensation bonds \| financial sector \| bank reform \| bank intervention \| government bond \| banks solvency \| systemic property transfer \| bank profitability \| bond transfer

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 01/157 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005248153