Corporate Sector Restructuring: The Role of Government in Times of Crisis
August 19, 2002
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Examines the steps involved in restructuring the corporate sector. Large-scale corporate restructuring made necessary by a financial crisis is one of the most daunting challenges faced by economic policymakers. The government is forced to take a leading role, even if indirectly, because of the need to prioritize policy goals, address market failures, reform the legal and tax systems, and deal with the resistance of powerful interest groups.
Subject: Asset and liability management, Asset management, Banking, Business enterprises, Creditor bail-in, Debt restructuring, Economic sectors, Financial crises, Government asset management, Public financial management (PFM)
Keywords: Asset management, bank, bank capital, bank privatization, bank reform, bank resolution cost, bank-restructuring agency, Business enterprises, Creditor bail-in, debt, Debt restructuring, debt-equity conversion, East Asia, EI, firm, Government asset management, nonviable bank, recapitalization
Pages:
28
Volume:
2002
DOI:
Issue:
004
Series:
Economic Issues No. 2002/004
Stock No:
EIIEA031
ISBN:
9781589060951
ISSN:
1020-5098
