Lessons from Systemic Bank Restructuring: A Survey of 24 Countries
International Monetary Fund (IMF)
International Monetary Fund (IMF) - International Capital Markets Department
IMF Working Paper No. 97/161
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.
Number of Pages in PDF File: 29
Keywords: Banks, Rescues, Restructuring
JEL Classification: E44, E58, G28working papers series
Date posted: February 15, 2006
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