Approaches to Corporate Debt Restructuring in the Wake of Financial Crises
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Summary:
This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in the nonfinancial corporate sector. It then draws on lessons from past crises to explain three broad approaches that have been applied to corporate debt restructurings in the aftermath of a crisis. From there, it addresses challenges in designing and implementing a comprehensive debt restructuring strategy and draws together some key principles.
Series:
Staff Position Note No. 2010/02
Subject:
Asset management Bank restructuring Banking sector Bankruptcy Corporate governance Corporate sector Debt restructuring Debt strategy External debt Financial crisis Global Financial Crisis 2008-2009 Intervention Legislation
English
Publication Date:
January 26, 2010
ISBN/ISSN:
9781462384846/2072-3202
Stock No:
SPNEA2010002
Price:
$10.00 (Academic Rate:$10.00)
Format:
Paper
Pages:
32
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