Large-Scale Post-Crisis Corporate Sector Restructuring

Mark Stone

No 2000/007, IMF Policy Discussion Papers from International Monetary Fund

Abstract: This paper summarizes the objectives, tasks, and modalities of large-scale, post-crisis corporate restructuring based on nine recent episodes with a view to organizing the policy choices and drawing some general conclusions. These episodes suggest that government-led restructuring efforts should integrate corporate and bank restructuring in a holistic and transparent strategy based on clearly defined objective and including sunset provisions.

Keywords: PDP; bank; asset management corporation; governance; country; recapitalization; Financial crises; Corporate restructuring; Financial restructuring; bank resolution cost; bank privatization; nonviable bank; bank capital; bank loss; AMC manager; Business enterprises; Creditor bail-in; Corporate sector; Debt restructuring; East Asia (search for similar items in EconPapers)
Pages: 31
Date: 2000-07-01
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Citations: View citations in EconPapers (9)

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