Approaches to Corporate Debt Restructuring in the Wake of Financial Crises
IMF Staff Position Notes, January 26, 2010
Source details
- Canonical URL
- Approaches to Corporate Debt Restructuring in the Wake of Financial Crises
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Bibliographic details
- Authors: Thomas Laryea
- Published: January 26, 2010
- Series: IMF Staff Position Notes
- DOI: https://doi.org/10.5089/9781462384846.004
Overview
- Author: Thomas Laryea
- Publication type: IMF Staff Position Note No. 2010/002
- Issue: 002; Volume: 2010; Pages: 32
- Date: January 26, 2010
- DOI: https://doi.org/10.5089/9781462384846.004
- ISBN: 9781462384846
- ISSN: 2617-6742
- Stock No: SPNEA2010002
Main analytical themes
- Economic case for moderated government intervention in debt restructuring in the nonfinancial corporate sector.
- Lessons from past crises distilled into three broad approaches applied to corporate debt restructurings after crises.
- Challenges in designing and implementing a comprehensive debt restructuring strategy.
- Key principles for effective corporate debt restructuring strategies.
Key findings
- The paper advocates starting from a discussion of the economic case for moderated government intervention in corporate debt restructuring.
- Three broad approaches to corporate debt restructuring are explained, drawing on lessons from past crises.
- Designing and implementing a comprehensive debt restructuring strategy presents specific challenges that the paper addresses.
- The paper synthesizes these elements to draw together a set of key principles for debt restructuring in the wake of financial crises.
Subjects and keywords (as provided)
- Subjects: Asset and liability management; Corporate sector; Debt restructuring; Debt strategy; Economic sectors; External debt; Financial crises; Financial sector policy and analysis; Legal support in revenue administration; Revenue administration; Solvency
- Keywords: Corporate sector; debt problem; Debt restructuring; debt restructuring effort; debt restructuring guideline; debt restructuring strategy; Debt strategy; debt substitution; debt-servicing obligation; default case; financial support; Global; government intervention; household debt problem; Legal support in revenue administration; pre-existing debt; private sector; private sector debt problem; restructuring agreement; restructuring phase; restructuring process; restructuring strategy; Solvency; SPN; wake of financial crises
Document and access notes
- Format options indicated: Download PDF; More Formats on IMF eLibrary; Order a Print Copy; Create Citation
- Citation example (format preserved from source): Thomas Laryea. "Approaches to Corporate Debt Restructuring in the Wake of Financial Crises", IMF Staff Position Notes 2010, 002 (2010), accessed 9/19/2026, https://doi.org/10.5089/9781462384846.004
IMF Staff Position Note No. 2010/002, Thomas Laryea, January 26, 2010