Hoelscher Bank Restructuring and Resolution

1. Auflage 2016
ISBN: 978-0-230-28914-7
Verlag: Palgrave Macmillan UK
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 405 Seiten

Reihe: Procyclicality of Financial Systems in Asia

Systemic financial crises have become a common feature of the global financial landscape. Resolution of such crises requires a complex mix of macroeconomic and financial sector policies, including the restructuring and resolution of problem banks. This volume outlines the theoretical insights that have been gained and the practical lessons learned.

A. MICHAEL ANDREWS Head of Consultancy, A. Michael Andrews and Associates, USA CHARLES A. ENOCH Deputy Director, Monetary and Financial Systems Department, International Monetary Fund (IMF), USA EDWARD J. FRYDL Senior Economist, Financial Systems Surveillance Division II, Monetary and Financial Systems Department, International Monetary Fund (IMF), USA ANNE-MARIE GULDE Advisor, African Department, International Monetary Fund (IMF), USA DANIEL C. HARDY Deputy Division Chief, Financial Surveillance Policy Division, Monetary and Financial Systems Department, International Monetary Fund (IMF), USA DONG HE Division Head, External Department, Hong Kong Monetary Authority, Hong Kong STEFAN INGVES Governor, The Riksbank, Sweden MATS ARNE JOSEFSSON Advisor, Monetary and Financial Systems Department, International Monetary Fund (IMF), USA CHUNGWON KANG Former Visiting Scholar, International Monetary Fund (IMF), USA GEORGE G. KAUFMAN Professor, School of Business, Loyola University, Chicago, USA ROSS B. LECKOW Assistant General Council, International Monetary Fund (IMF), USA MARC G. QUINTYN Advisor and Technical Assistance Area Chief, Monetary and Financial Systems Department, International Monetary Fund (IMF), USA STEVEN A. SEELIG Advisor, Monetary and Financial Systems Department, International Monetary Fund (IMF), USA INWON SONG Senior Financial Sector Expert, Financial Supervision and Regulation Division, Monetary and Financial Systems Department, International Monetary Fund (IMF), USA

Autoren/Hrsg.

Hoelscher, David S.

Hoelscher, D.

Inhaltsverzeichnis

1;Cover;1
2;Half-Title;2
3;Title;4
4;Copyright;5
5;Contents;6
6;List of Tables;8
7;List of Figures;10
8;List of Boxes;11
9;List of Abbreviations;12
10;Acknowledgments;14
11;Foreword;15
12;Preface;16
13;Notes on Contributors;20
14;I. Overview of Crisis Resolution and Bank Restructuring Policies;21
14.1;1. The Resolution of Systemic Banking System Crises;22
14.2;2. The Benefits and Costs of Intervening in Banking Crises;43
15;II. Options for Bank Restructuring;113
15.1;3. Techniques of Bank Resolution;114
15.2;4. Issuing Government Bonds to Finance Bank Recapitalization and Restructuring: Design Factors that Affect Banks' Financial Performance;136
15.3;5. What Happens After Supervisory Intervention? Considering Bank Closure Options;159
15.4;6. Post-Resolution Treatment of Depositors at Failed Banks: Implications for the Severity of Banking Crises, Systemic Risk, and Too-Big-To-Fail;180
15.5;7. The IMF/World Bank Global Insolvency Initiative—Its Purpose and Principal Features;201
16;III. Options for Asset Management;213
16.1;8. Prudential Treatment of Restructured Loans;214
16.2;9. Issues in the Establishment of Asset Management Companies;227
17;IV. Country Experiences;242
17.1;10. From the Front Lines at Seoul Bank: Restructuring and Reprivatization;243
17.2;11. Banking Crises and Bank Resolution: Experiences in Some Transition Economies;282
17.3;12. Interventions in Banks During Banking Crises: The Experience of Indonesia;343
17.4;13. The Role of KAMCO in Resolving Nonperforming Loans in the Republic of Korea;362
17.5;14. The Public Sector Recapitalization Program in Turkey;383
18;Index;399