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Corporate Restructuring and its Macro Effects

Shin, Jongsoon - 2017

This paper describes issues in Korea's corporate sector, the need for restructuring, and the authorities' initiatives and challenges. It then identifies lessons from other countries' experience and conducts an econometric analysis based on cross-country aggregate data,compared with previous...

Persistent link: https://www.econbiz.de/10012961473

The Evolving Functions and Organization of Finance Ministries

Allen, Richard - 2016

There is relatively little literature that analyses the role, functions, and organization of finance ministries. The purpose of this working paper is to review international experiences in this area, in an effort to formulate guiding principles of organizational design and the allocation of...

Persistent link: https://www.econbiz.de/10013002149

Flattening the Insolvency Curve : Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery

Bauer, A.; Craig, R.; Garrido, José; Kang, Kenneth; … - 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/10013243068

How Do State-Owned Enterprises Adjust During Downturns : Evidence from Iranian Manufacturing Firms

Ebadi, Ebad; Toffano, Priscilla - 2022

This paper investigates the role that state-owned enterprises (SOEs) played during periods of economic sanctions against Iran. Using difference-in-difference techniques and exploiting survey data on the manufacturing sector, our analysis shows that the sanctions reduced revenues, profits, and...

Persistent link: https://www.econbiz.de/10014238522

India's State-Owned Enterprises

Agarwal, Ruchir; Arbatli, Elif C.; Fisher, Lesley; Han, … - 2022

India’s recently announced privatization strategy can facilitate a change in the composition of the public sector balance sheet toward high-return public sector investments in infrastructure and human capital where there is a clear role for government, leaving commercially viable companies for...

Persistent link: https://www.econbiz.de/10013492000

Bank Capital and Uncertainty

Valencia, Fabián - 2010

An important role for bank capital is that of a buffer against unexpected losses. As uncertainty about these losses … increases, the theory predicts an increase in the optimal level of bank capital. This paper investigates this implication … reduction in bank capital ratios of slightly over 1 percentage point. However, I also find suggestive evidence that the …

Persistent link: https://www.econbiz.de/10013138298

Banking and Trading

Ratnovski, Lev - 2012

We study the effects of a bank's engagement in trading. Traditional banking is relationship-based: not scalable, long …-based: scalable, shortterm, capital constrained, and with the ability to generate risk from concentrated positions. When a bank … inefficiencies. A bank may allocate too much capital to trading ex-post, compromising the incentives to build relationships ex …

Persistent link: https://www.econbiz.de/10013098572