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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
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
The paper analyses the cost and effectiveness of bank restructuring policies in 11 transition countries during 1991 …
Persistent link: https://www.econbiz.de/10014401605
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
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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