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The Economics of Bank Restructuring: Understanding the Options

Author/Editor: Landier, Augustin | Ueda, Kenichi
Published: June 5, 2009
Electronic Access: Free Full Text (PDF file size is 1,035KB)
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Summary: Based on a simple framework, this note clarifies the economics behind bank restructuring and evaluates various restructuring options for systemically important banks. The note assumes that the government aims to reduce the probability of a bank’s default and keep the burden on taxpayers at a minimum. The note also acknowledges that the design of any restructuring needs to take into consideration the payoffs and incentives for the various key stakeholders (i.e., shareholders, debt holders, and government).
 
Series: Staff Position Note No. 2009/12
Subject(s): Asset liquidation | Asset management | Asset prices | Bank resolution | Bank restructuring | Banking sector | Banks | Cross country analysis | Debt restructuring | Economic models | Switzerland | United Kingdom | United States
 
English  
    Published:   June 5, 2009        
    ISBN/ISSN:   978-1-58906-869-8 / 2072-3202   Format:   A web quality merged PDF
    Stock No:   SPNET2009012   Pages:   39
    Price:   Free
       
     
Please address any questions about this title to publications@imf.org.