IMF Policy Discussion Papers

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

By Mark R. Stone

October 1, 1998

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Mark R. Stone Corporate Debt Restructuring in East Asia: Some Lessons from International Experience, (USA: International Monetary Fund, 1998) accessed October 5, 2024

Summary

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.

Subject: Asset and liability management, Asset management, Banking, Business enterprises, Creditor bail-in, Debt rescheduling, Debt restructuring, Economic sectors, Financial crises

Keywords: Asset management, Bank, Bank borrowing, Bank capital, Bank reform, Bank triage, Business enterprises, Corporate debt, Corporate restructuring, Creditor bail-in, Debt, Debt problem, Debt rescheduling, Debt restructuring, Debt restructuring framework, Debt restructuring process, Debt restructuring transaction, Debt-equity conversion, East Asia, Lead bank, PDP, Recapitalization, Restructuring framework, Workout debt, Workout unit

Publication Details

  • Pages:

    28

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Policy Discussion Paper No. 1998/013

  • Stock No:

    PPIEA0131998

  • ISBN:

    9781451968729

  • ISSN:

    1564-5193