Large-Scale Post-Crisis Corporate Sector Restructuring

Debunking Some Received Wisdom

This paper summarizes the objectives, tasks, and modalities of large-scale, post-crisis corporate restructuring based on nine recent episodes with a view to organizing the policy choices and drawing some general conclusions. These episodes suggest that government-led restructuring efforts should integrate corporate and bank restructuring in a holistic and transparent strategy based on clearly defined objective and including sunset provisions.
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Volume/Issue: Volume 2000 Issue 007
Publication date: July 2000
ISBN: 9781451971538
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Topics covered in this book

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Business and Economics , Banks and Banking , PDP , bank , asset management corporation , governance , country , recapitalization , Financial crises , Corporate restructuring , Financial restructuring , bank resolution cost , bank privatization , nonviable bank , bank capital , bank loss , AMC manager , Business enterprises , Creditor bail-in , Corporate sector , Debt restructuring , East Asia

Summary

This paper summarizes the objectives, tasks, and modalities of large-scale, post-crisis corporate restructuring based on nine recent episodes with a view to organizing the policy choices and drawing some general conclusions. These episodes suggest that government-led restructuring efforts should integrate corporate and bank restructuring in a holistic and transparent strategy based on clearly defined objective and including sunset provisions.