Decentralized Creditor led Corporate Restructuring is popular PDF and ePub book, written by Marinela E. Dado in 2002, it is a fantastic choice for those who relish reading online the Banks and banking genre. Let's immerse ourselves in this engaging Banks and banking book by exploring the summary and details provided below. Remember, Decentralized Creditor led Corporate Restructuring can be Read Online from any device for your convenience.
Decentralized Creditor led Corporate Restructuring Book PDF Summary
Countries that have experienced banking crises have adopted one of two distinct approaches toward the resolution of nonperforming assets--a centralized or a decentralized solution. A centralized approach entails setting up a government agency--an asset management company--with the full responsibility for acquiring, restructuring, and selling of the assets. A decentralized approach relies on banks and other creditors to manage and resolve nonperforming assets. Dado and Klingebiel study banking crises where governments adopted a decentralized, creditor-led workout strategy following systemic crises. They use a case study approach and analyze seven banking crises in which governments mainly relied on banks to resolve nonperforming assets. The study suggests that out of the seven cases, only Chile, Norway, and Poland successfully restructured their corporate sectors with companies attaining viable financial structures. The analysis underscores that as in the case of a centralized strategy the prerequisites for a successful decentralized restructuring strategy are manifold. The successful countries significantly improved the banking system's capital position, enabling banks to write down loan losses; banks as well as corporations had adequate incentives to engage in corporate restructuring; and ownership links between banks and corporations were limited or severed during crises. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to examine the resolution of financial crises.
Detail Book of Decentralized Creditor led Corporate Restructuring PDF
- Author : Marinela E. Dado
- Release : 22 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Banks and banking
- Total Page : 60 pages
- Language : English
- PDF File Size : 14,5 Mb
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