Lessons From Systemic Bank Restructuring: A Survey of 24 Countries

Author/Editor:

Ceyla Pazarbasioglu ; Claudia H Dziobek

Publication Date:

December 1, 1997

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

In recent decades, a wide range of countries have experienced banking problems. Their approaches to systemic bank restructuring have varied substantially. This paper analyzes a representative sample of 24 countries and provides a summary of policies judged to be successful. The sample countries were ranked by relative progress in resolving banking sector problems. Based on this ranking, the paper examines the effectiveness of institutional and regulatory measures, assesses the impact of accompanying macroeconomic policies, and examines the extent to which particular restructuring instruments contributed to success. Special emphasis is given to the role of the central bank.

Series:

Working Paper No. 1997/161

Subject:

Bank credit Bank resolution Banking Commercial banks Financial crises Financial institutions Loans Money Nonperforming loans Tax incentives

English

Publication Date:

December 1, 1997

ISBN/ISSN:

9781451857788/1018-5941

Stock No:

WPIEA1611997

Pages:

29

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