Corporate Debt Restructuring in East Asia: Some Lessons from International Experience

Mark Stone

No 1998/013, IMF Policy Discussion Papers from International Monetary Fund

Abstract: This paper summarizes some lessons from international experience for corporate debt restructuring in east Asia. Basic principles of debt restructuring are described, the experiences of Mexico, Chile, the United Kingdom, Hungary, and Poland are examined, and general lessons are drawn. The approaches currently being adopted in Indonesia, Korea, Malaysia and Thailand are then reviewed in the context of these lessons.

Keywords: PDP; debt; bank; recapitalization; lead bank; restructuring framework; East Asia; corporate debt; corporate restructuring; debt problem; debt-equity conversion; workout debt; bank triage; bank reform; bank borrowing; workout unit; bank capital; debt restructuring process; debt restructuring transaction; debt restructuring framework; Debt restructuring; Business enterprises; Asset management; Creditor bail-in; Debt rescheduling (search for similar items in EconPapers)
Pages: 28
Date: 1998-10-01
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Citations: View citations in EconPapers (8)

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