Large-Scale Post-Crisis Corporate Sector Restructuring
IMF Policy Discussion Papers, July 1, 2000
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Bibliographic details
- Authors: Mark R. Stone
- Published: July 1, 2000
- Series: IMF Policy Discussion Papers
- DOI: https://doi.org/10.5089/9781451971538.003
Summary and purpose
- This paper summarizes the objectives, tasks, and modalities of large-scale, post-crisis corporate restructuring based on nine recent episodes.
- The paper's aim is to organize policy choices and draw general conclusions from these episodes.
Key findings and conclusions
- Government-led restructuring efforts should integrate corporate and bank restructuring.
- Integration should be performed in a holistic and transparent strategy.
- Strategies should be based on clearly defined objective and include sunset provisions.
Policy implications and recommended modalities
- Integrate corporate and bank restructuring rather than treating them in isolation.
- Adopt holistic approaches that align objectives across sectors and institutions.
- Ensure transparency in strategy and implementation to support credibility and accountability.
- Define clear objectives for restructuring programs to guide decision-making.
- Include sunset provisions to limit the duration and scope of government-led interventions.
Subject areas and keywords
- Subjects: Asset and liability management, Banking, Business enterprises, Corporate sector, Creditor bail-in, Debt restructuring, Economic sectors, Financial crises
- Keywords: AMC manager, asset management corporation, bank, bank capital, bank loss, bank privatization, bank resolution cost, Business enterprises, Corporate restructuring, Corporate sector, country, Creditor bail-in, Debt restructuring, East Asia, Financial crises, Financial restructuring, governance, nonviable bank, PDP, recapitalization
Content in this bundle
- Large-Scale Post-Crisis Corporate Sector Restructuring - PDP/00/7