IMF Bank-Restructuring Efficiency Outcomes: Evidence from East Asia

Mohamed Ariff () and Luc Can
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Luc Can: Harvard Kennedy School

No CARF-F-148, CARF F-Series from Center for Advanced Research in Finance, Faculty of Economics, The University of Tokyo

Abstract: We report new findings on bank efficiency in East Asian countries for the preand post-IMF restructuring periods. We find that bank efficiency has improved, but only to the pre-IMF intervention level, and that restructured banks are not more efficient than their unrestructured counterparts. Different restructuring measures have different effects. Bank closures are economically justified, but mergers show short-term efficiency losses. Recapitalization and reprivatization of badly performing banks lead to efficiency improvement, but also increase government ownership. Ease of entry that has allowed for more foreign bank participation results in slightly improved performance of badly performing banks.

Pages: 22 pages
Date: 2009-03
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Citations: View citations in EconPapers (16)

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Related works:
Journal Article: IMF Bank-Restructuring Efficiency Outcomes: Evidence from East Asia (2009)
Working Paper: IMF BANK-RESTRUCTURING EFFICIENCY OUTCOMES:EVIDENCE FROM EAST ASIA (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:cfi:fseres:cf148

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