Title: Bank restructuring and resolution /
Authors: Hoelscher, David S.
Publisher: Palgrave Macmillan,
Year: 2006
Subjects: Crisis management.; Bank management.; Bank failures Case studies.; BUSINESS & ECONOMICS Banks & Banking.; Banking.; Finance and Accounting.; Bank failures; Bank management; Crisis management; Bankwezen.; Herstructurering.
Abstract: Systemic financial crises have become a common albeit infrequent feature of the global financial landscape. Since 1980, nearly every country has been affected by serious financial distress or systemic financial crises. Resolution of such crises requires a complex mix of macroeconomic and financial sector policies. One important element in the resolution of such crises is the restructuring and resolution of problem banks, with considerable experience gained in this area in the past decade. This volume outlines the theoretical insights that have been gained and the practical lessons learned. Featured contributors have been directly involved in the practical resolution of failed banks and bring to this work a deep udnerstanding of the complexity of resolving weak or failed institutions. Subjects addressed include systemic crisis resolution, options on the techniques for bank restrucuring, and case studies describing country specific practices.
Contents: PART I: OVERVIEW OF CRISIS RESOLUTION AND BANK RESTRUCTURING POLICIES -- The Resolution of Systemic Banking System Crises; S. Ingves and D.S. Hoelscher -- The Benefits and Costs of Intervening in Banking Crises; E.J. Frydl and M.G. Quintyn -- PART II: OPTIONS FOR BANK RESTRUCTURING -- Techniques of Bank Resolution; S.A. Seelig -- Issuing Government Bonds to Finance Bank Recapitalization and Restructuring: Design Factors that Affect Banks' Financial Performance; A.M. Andrews -- What Happens After Supervisory Intervention? Considering Bank Closure Options; A.M. Andrews and M.A. Josefsson -- Post-Resolution Treatment of Depositors at Failed Banks: Implications for the Severity of Banking Crises, Systemic Risk, and Too-Big-To-Fail; G.G. Kaufman and S.A. Seelig -- The IMF/World Bank Global Insolvency Initiative-Its Purpose and Principal Features; R.B. Leckow -- PART III: OPTIONS FOR ASSET MANAGEMENT -- Prudential Treatment of Restructured Loans; I. Song -- Issues in the Establishment of Asset Management Companies; S. Ingves, S.A. Seelig and D. He -- PART IV: COUNTRY EXPERIENCES -- From the Front Lines at Seoul Bank: Restructuring and Reprivatization; C. Kang -- The Banking Crises and Bank Resolution: Experiences in Some Transition Economies; C.A. Enoch, A-M. Gulde and D.C. Hardy -- Interventions in Banks during Banking Crises: The Experience of Indonesia; C.A. Enoch -- The Role of KAMCO in Resolving Nonperforming Loans in the Republic of Korea; D. He -- The Public Sector Recapitalization Program in Turkey; M.A. Josefsson.