liberalization of interest rates and credit should also take account of the solvency of financial and nonfinancial firms. A minimal …

-98. It argues that country-specific banking sector features, the size of bad loans inherited from the centrally planned … costs and overall improvement in banking sector performance for the sample countries as a whole. …

We assess the extent to which loan losses affect banks’ provision of credit to companies and households and examine how … feedback from losses to a reduction in credit is affected by the monetary policy stance. Using a unique cross-country dataset … of more than 600 banks from 32 countries, we find that losses lead to a reduction in credit and that this effect is more …

operational and strategic issues to be addressed and the institutional arrangements needed to foster an effective banking system … restructuring and maximize the returns on government investment. The approaches to recapitalization have varied, with countries … choosing different mixes of direct capital injections and asset purchase and rehabilitation. The choice of an appropriate mix …

European countries, and finds that rapid growth of private sector credit continues to be a key challenge for most of these …

This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector … crises. Data on privatizations in over 65 countries is used together with data from the banking crisis literature to consider …

missed. The authorities and IMF staff have agreed that a faster pace of fiscal adjustment and more gradual pace of capital …