Systemic Bank Restructuring and Macroeconomic Policy
Systemic Bank Restructuring and Macroeconomic Policy

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 Restructing
Lessons From Systemic Bank Restructing

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.

Lessons From Systemic Bank Restructuring
Lessons From Systemic Bank Restructuring

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.

Authorities' Roles and Organizational Issues in Systemic Bank Restructuring
Authorities' Roles and Organizational Issues in Systemic Bank Restructuring

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.

Fiscal Aspects of Bank Restructuring
Fiscal Aspects of Bank Restructuring

Author: Mr.James Daniel

Publisher: International Monetary Fund

Published: 1997-04-01

Total Pages: 34

ISBN-13: 1451847211

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Governments frequently assist troubled banks. This paper examines the fiscal aspects of such assistance: rationale, design criteria, methods, and macroeconomic implications. It concludes that (1) banks should be assisted only when there is a clear systemic risk; (2) assistance should be tied to a comprehensive restructuring program, minimize fiscal cost, be equitable and transparent, prevent recurrence, and facilitate a sound macroeconomic environment; (3) debt-based assistance will worsen public sector debt sustainability and will probably increase aggregate demand; and (4) assistance may require a substantial fiscal response (especially given the possible need for a looser monetary stance), which should feed iteratively into the choice of restructuring strategy.

Lessons from Systemic Bank Restructuring
Lessons from Systemic Bank Restructuring

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.

Market-Based Policy Instruments for Systemic Bank Restructuring
Market-Based Policy Instruments for Systemic Bank Restructuring

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

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.