Cost and Effectiveness of Banking Sector Restructuring in Transition Economies

Edda Zoli

No 2001/157, IMF Working Papers from International Monetary Fund

Abstract: The paper analyses the cost and effectiveness of bank restructuring policies in 11 transition countries during 1991-98. It argues that country-specific banking sector features, the size of bad loans inherited from the centrally planned system, and weaknesses in the restructuring policies implemented were the main factors affecting the overall fiscal costs, with the latter two being more significant. The paper finds no significant relationship between the size of restructuring costs and overall improvement in banking sector performance for the sample countries as a whole.

Keywords: WP; cost; banking sector; bank; banking sector problem; bank restructuring; transition countries; fiscal costs of banking crises; restructuring cost; banking sector performance; banking sector condition; private sector; broad money; Commercial banks; Bank resolution; Distressed assets; Credit; Nonperforming loans; Baltics; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 38
Date: 2001-10-01
References: Add references at CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=15376 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2001/157

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().