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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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Exiting from fragility in sub-Saharan Africa : the role of fiscal policies and fiscal institutions
Deléchat, Corinne; Fuli, Ejona; Mulaj, Dafina; … - 2015
This paper studies the role of fiscal policies and institutions in building resilience in sub-Saharan African countries during 1990-2013, with specific emphasis on a group of twenty-six countries that were deemed fragile in the 1990s. As the drivers of fragility and resilience are closely...
Persistent link: https://www.econbiz.de/10011445825
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Sub-Saharan Africa : building resilience to climate-related disasters
Pondi, Eric M.; Seung Mo Choi; Mitra, Pritha - 2022
This paper assesses the impact of climate-related disasters on medium-term growth and analyzes key structural areas that could substantially improve disaster-resilience. Results show that (i) climaterelated disasters have a significant negative impact on medium-term growth, especially for...
Persistent link: https://www.econbiz.de/10013170064
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Building resilience to natural disasters : an application to small developing states
Marto, Ricardo; Papageorgiou, Chris; Kljuev, Vladimir … - 2017
We present a dynamic small open economy model to explore the macroeconomic impact of natural disasters. In addition to permanent damages to public and private capital, the disaster causes temporary losses of productivity, inefficiencies during the reconstruction process, and damages to the...
Persistent link: https://www.econbiz.de/10011748744
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A crude shock : explaining the impact of the 2014-16 oil price decline across exporters
Grigoli, Francesco; Herman, Alexander; Swiston, Andrew - 2017
The decline in oil prices in 2014-16 was one of the sharpest in history, and put to test the resilience of oil exporters. We examine the degree to which economic fundamentals entering the oil price decline explain the impact on economic growth across oil exporting economies, and derive policy...
Persistent link: https://www.econbiz.de/10011705066
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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