Systemic Bank Restructuring and Macroeconomic Policy

Systemic Bank Restructuring and Macroeconomic Policy PDF

Author: Mr.William E. Alexander

Publisher: International Monetary Fund

Published: 1997-08-21

Total Pages: 196

ISBN-13: 9781557756657

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Edited by William Alexander, Jeffrey M. Davis, Liam P. Ebrill, and Carl-Johan Lindgren, this volume discusses cross-country restructuring experiences building on the foundation laid by its predecessor Band Soundness and Macroeconomic Policy. It discusses broad principles and actions to guide policy makers in restructuring their banking systems.

Lessons From Systemic Bank Restructuring

Lessons From Systemic Bank Restructuring PDF

Author: Ms.Claudia Helene Dziobek

Publisher: International Monetary Fund

Published: 1997-12-01

Total Pages: 30

ISBN-13: 1451857780

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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.

Lessons from Systemic Bank Restructuring

Lessons from Systemic Bank Restructuring PDF

Author: Claudia Dziobek

Publisher:

Published: 2006

Total Pages: 29

ISBN-13:

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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.

Authorities' Roles and Organizational Issues in Systemic Bank Restructuring

Authorities' Roles and Organizational Issues in Systemic Bank Restructuring PDF

Author: Mr.Peter Nyberg

Publisher: International Monetary Fund

Published: 1997-07-01

Total Pages: 18

ISBN-13: 1451951515

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Systemic bank restructuring must be the responsibility of one government authority only, with other authorities providing support and analytical help. The restructuring authority, whose tasks are enumerated and discussed, should preferably be a separate and temporary agency reporting to the finance ministry. Other solutions are possible but not recommended. Parliament should be involved in setting priorities and supervising the process, but political interference in restructuring operations should be avoided. Practical issues to consider include ensuring efficient cooperation between authorities; the arrangement of problem asset workout and recovery; and restructuring of politically sensitive enterprises.

Lessons From Systemic Bank Restructing

Lessons From Systemic Bank Restructing PDF

Author: Claudia Helene Dziobek

Publisher: International Monetary Fund

Published: 1998-05-15

Total Pages: 30

ISBN-13:

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Systemic bank restructing aims to improve bank performance - that is, restore solvency and profitability, improve the banking system's capacity to provide financial intermediation between savers and borrowers, and restore public confidence. The authors of this studyanalyzed the experiences of 24 countries that initiated reforms in the1980s and early 1990s.

Market-Based Policy Instruments for Systemic Bank Restructuring

Market-Based Policy Instruments for Systemic Bank Restructuring PDF

Author: Mr.Tamim Bayoumi

Publisher: International Monetary Fund

Published: 1998-08-01

Total Pages: 26

ISBN-13: 1451944233

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Since the early 1980s, well over 100 countries have experienced systemic bank insolvencies. An important innovation among the resulting policies for reestablishing bank soundness has been the reliance on market-based instruments and policies, in contrast to the largely non-market-oriented approach taken in the 1930s during the last big wave of banking crises. This paper surveys and assesses market-based policy instruments employed to overcome systemic bank problems. Considerations regarding the design and mix of instruments as well as cost-sharing arrangements are shown to be key aspects of effective bank restructuring. Selected country examples are used to illustrate best practices.

Managing Systemic Banking Crises

Managing Systemic Banking Crises PDF

Author: Mr.Marc Quintyn

Publisher: International Monetary Fund

Published: 2003-08-28

Total Pages: 73

ISBN-13: 1589062248

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Recent financial sector crises and their resolution have raised new issues and provided additional experiences to draw on in the future. Banking sector problems in Russia, Turkey, and a few Latin American countries occurred within the context of highly dollarized economies, high levels of sovereign debt, severely limited fiscal resources, or combinations thereof. These factors have challenged the effectiveness of many of the typical tools for bank resolution. This publication focuses on the issues raised in systemic crises, not on the resolution of individual bank problems. Based on the lessons learned during the Asian crisis, it updates the IMF’s work on the general principles, strategies, and techniques for managing these crises.

Financial Risks, Stability, and Globalization

Financial Risks, Stability, and Globalization PDF

Author: Mr.Omotunde E. G. Johnson

Publisher: International Monetary Fund

Published: 2002-04-29

Total Pages: 576

ISBN-13: 9781589060128

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This book covers financial sector stability issues in the following areas: risk management and governance in financial institutions; financial crises and contagion; domestic monetary and financial policies; and international cooperation. The papers were presented at the IMF’s eighth Central Banking Seminar by authors from academia, investment banks, government, and international institutions. The papers discuss such subjects as bank soundness, systemic bank restructuring, and the safety and efficiency of systemically important payment systems and their interaction with the macroeconomic environment.

Systemic Financial Crises

Systemic Financial Crises PDF

Author: Douglas Darrell Evanoff

Publisher: World Scientific

Published: 2005

Total Pages: 474

ISBN-13: 9812563482

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Bank failures, like illness and taxes, are almost a certainty at some time in the future. What is less certain is their cost to and adverse implications for macroeconomies. Past failures have frequently been resolved at very high cost to society. However, the cost could be reduced through having a well-developed, credible and widely publicized plan ready to put into action by policymakers. If no such plan is ready when a large bank approaches insolvency, political pressures are likely to influence the response of regulators.Minimizing immediate, short-run costs are likely to outweigh minimizing further out, longer-run and longer-lasting costs, even if these delayed costs promise to be substantially greater. Stated differently, today will win out over tomorrow and politics will trump economics. How best to prevent such unfavorable outcomes is the major theme of this volume. The articles presented review past insolvency resolutions, draw lessons from these resolutions, discuss impediments to efficient resolutions ? including cross-country, cross-regulator, and institutional challenges ? and recommend how to move forward.