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Fiscal Aspects of Bank Restructuring
Daniel, James - 1997
Governments frequently assist troubled banks. This paper examines the fiscal aspects of such assistance: rationale, design criteria, methods, and macroeconomic implications. It concludes that (1) banks should be assisted only when there is a clear systemic risk; (2) assistance should be tied to...
Persistent link: https://www.econbiz.de/10014401269
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The Role of the Prudential Supervision and Financial Restructuring of Banks During Transition to Indirect Instruments of Monetary Control
International Monetary Fund - 1996
This paper proposes a stylized sequencing of banking supervision and bank restructuring measures designed to complement … because the initial cost of bank restructuring can be offset, partly, through the budgetary effects of improved enterprise …
Persistent link: https://www.econbiz.de/10014395923
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Cost and Effectiveness of Banking Sector Restructuring in Transition Economies
Zoli, Edda - 2001
The paper analyses the cost and effectiveness of bank restructuring policies in 11 transition countries during 1991 …
Persistent link: https://www.econbiz.de/10014401605
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From the Front Lines At Seoul Bank : Restructuring and Reprivatization
Kang, Chungwon - 2003
Soon after Korea agreed to an IMF-supported program, Seoul Bank and Korea First Bank were nationalized through an … foreign investors. Korea First Bank was sold to foreign investors at the end of 1999. Seoul Bank, however, remained a … government-owned bank, managed by a team of professionals recruited from outside of the traditional banking sector. This paper …
Persistent link: https://www.econbiz.de/10014403973
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The Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea
He, Dong - 2004
This paper aims to provide a balanced assessment of Korea Asset Management Corporation''s role in resolving nonperforming loans in the aftermath of the 1997-98 financial crisis. It argues that KAMCO''s incentive to dispose of NPLs can be explained by a strong social desire for a recovery of...
Persistent link: https://www.econbiz.de/10014404048
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Reengineering und Kompetenzentwicklung auf dem Weg zur lernenden Organisation
Böhm, Ingeborg - In: Sparkasse : Manager-Magazin für die Sparkassen-Finanzgruppe 116 (1999) 5, pp. 232-238
Persistent link: https://www.econbiz.de/10001402054
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Flattening the insolvency curve : promoting corporate restructuring in Asia and the Pacific in the post-C19 recovery
Bauer, Andreas; Craig, R.; Garrido, José María; Kang, … - 2021
The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on liquidity support to help firms survive the shock. This paper discusses how the...
Persistent link: https://www.econbiz.de/10012487321
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Corporate Leverage, Bankruptcy, and Output Adjustment in Post-Crisis East Asia
Kim, Se-Jik - 1999
Different levels of corporate leverage are used in this paper to help explain the wide range of post-crisis output adjustment across East Asia. In the model developed here, highly leveraged firms facing a cutoff of capital inflows are threatened by bankruptcy. These firms respond by eliminating...
Persistent link: https://www.econbiz.de/10014400639
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Corporate Restructuring in Japan : An Event-Study Analysis
Chan-Lau, Jorge A. - 2001
The implementation of the Commercial Rehabilitation Law (CRL) on April 1, 2000 was considered a key event in setting up the official infrastructure supporting corporate restructuring in Japan. This study evaluates the stock price impact of restructuring announcements before and after the CRL...
Persistent link: https://www.econbiz.de/10014401293
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Determinants of Barter in Russia : An Empirical Analysis
Mumssen, Christian - 2000
This paper analyzes the causes and consequences of non-monetary transactions in Russia, drawing on a large enterprise survey. We show that barter and offsets are linked to liquidity problems at the level of the firm and to arrears in particular. We find evidence that the state has channeled...
Persistent link: https://www.econbiz.de/10014403499