BIBLIOTECA MANUEL BELGRANO - Facultad de Ciencias Económicas - UNC

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A practical guide to managing systemic financial crisis : a review of approaches taken in Indonesia, the Republic of Korea, and Thailand / David Scott

Por: Colaborador(es): Tipo de material: TextoTextoSeries Policy research working paper ; no. 2843Detalles de publicación: World Bank Washington, D.C. 2002Descripción: 96 p. : ilTema(s): Clasificación CDD:
  • 332.10959
Contenidos:
Executive summary -- Pt. 1: Resolving the Asian financial crisis: 1. Stabilizing liquidity -- 2. Making institutional arrangements -- 3. Mobilizing public funds -- 4. Diagnosing the scope of financial problems -- 5. Resolving, recapitalizing, and restructuring banks -- 6. Privatizing banks -- 7. Restructuring troubled debt -- 8. Utilizing government asset management companies -- Pt. 2: Improving the efficiency of crisis resolution: 9. Developing a comprehensive strategy -- 10. Linking bank and corporate debt restructuring -- Pt. 3: Preparing to mitigate the risk of crisis: 11. Bank liquidity management -- 12. Resolving weak banks -- References.
Resumen: The author examines experiences in Indonesia, the Republic of Korea, and Thailand in confronting systemic financial crises during the 1990s. He draws on the knowledge and experience of World Bank staff who managed the Bank ' s financial and technical assistance to those countries. In reviewing the principal actions taken by the governments to resolve the crises, the author describes key challenges that governments face in tackling crises, defines basic guidelines and principles for responding to those challenges, and proposes steps to improve the ability of governments to deal with crises when they do occur, as well as to mitigate the risk of crises in the first place. The author addresses matters such as the provision of liquidity, institutional arrangements for crisis resolution, use of public funds, diagnosis of problems, resolution, recapitalization, restructuring of banks, privatization of banks, restructuring of troubled debt, and use of asset management companies. He goes on to develop the conceptual underpinnings for two fundamental improvements in crisis management practices, one to develop an explicit, comprehensive crisis resolution strategy, and the second to link the provision of support to banks explicitly to the actual outcomes of troubled debt restructuring. A common theme in both is to maximize the impact of public funds used in crisis resolution. Finally the author identifies steps that governments can take to mitigate the risk of crisis and be better prepared to deal with shocks should they occur, including the use of contingency planning in the context of liquidity management and intervention in weak banks.
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Libro Libro Biblioteca Manuel Belgrano 332.10959 S 47778 (Navegar estantería(Abre debajo)) Enlace al recurso Disponible 47778

Executive summary -- Pt. 1: Resolving the Asian financial crisis: 1. Stabilizing liquidity -- 2. Making institutional arrangements -- 3. Mobilizing public funds -- 4. Diagnosing the scope of financial problems -- 5. Resolving, recapitalizing, and restructuring banks -- 6. Privatizing banks -- 7. Restructuring troubled debt -- 8. Utilizing government asset management companies -- Pt. 2: Improving the efficiency of crisis resolution: 9. Developing a comprehensive strategy -- 10. Linking bank and corporate debt restructuring -- Pt. 3: Preparing to mitigate the risk of crisis: 11. Bank liquidity management -- 12. Resolving weak banks -- References.

The author examines experiences in Indonesia, the Republic of Korea, and Thailand in confronting systemic financial crises during the 1990s. He draws on the knowledge and experience of World Bank staff who managed the Bank ' s financial and technical assistance to those countries. In reviewing the principal actions taken by the governments to resolve the crises, the author describes key challenges that governments face in tackling crises, defines basic guidelines and principles for responding to those challenges, and proposes steps to improve the ability of governments to deal with crises when they do occur, as well as to mitigate the risk of crises in the first place. The author addresses matters such as the provision of liquidity, institutional arrangements for crisis resolution, use of public funds, diagnosis of problems, resolution, recapitalization, restructuring of banks, privatization of banks, restructuring of troubled debt, and use of asset management companies. He goes on to develop the conceptual underpinnings for two fundamental improvements in crisis management practices, one to develop an explicit, comprehensive crisis resolution strategy, and the second to link the provision of support to banks explicitly to the actual outcomes of troubled debt restructuring. A common theme in both is to maximize the impact of public funds used in crisis resolution. Finally the author identifies steps that governments can take to mitigate the risk of crisis and be better prepared to deal with shocks should they occur, including the use of contingency planning in the context of liquidity management and intervention in weak banks.

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