Franklin

Financial and Enterprise Restructuring in Emerging Market Economies [electronic resource] Fries, Steven M..

Author/Creator:
Fries, Steven M.
Publication:
Washington, D.C. : International Monetary Fund, 1994.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 94/34.
IMF Working Papers; Working Paper No. 94/34
Format/Description:
Government document
Book
1 online resource (28 p.)
Local subjects:
Administrative cost.
Bank assets.
Bank claims.
Bank credit.
Bank deposits.
Bank lending.
Bank loans.
Bank management.
Bank managers.
Bank operations.
Bank privatization.
Bank profitability.
Bank recapitalization.
Bank research.
Bank shareholders.
Banking.
Banking crises.
Banking crisis.
Banking regulation.
Banking services.
Banking system.
Banking systems.
Bankruptcies.
Bankruptcy law.
Banks balance sheets.
Banks solvency.
Bond.
Bond default.
Bonds.
Cash flow.
Cash flows.
Central banking.
Debt restructuring.
Debt socialization.
Decentralization.
Deposit guarantee.
Deposit insurance.
Deposit rates.
Disintermediation.
Equity market.
Equity markets.
Excess demand.
Financial economics.
Financial instability.
Financial institutions.
Financial intermediation.
Financial markets.
Financial policies.
Financial sector.
Financial stability.
Financial structure.
Financial structures.
Financial system.
Financial systems.
Free cash flow.
Free cash flows.
Investment banking.
Moral hazard.
Net present value.
Present value.
Recapitalization.
State bank.
Czech Republic.
Germany.
Hungary.
Poland.
Summary:
This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the bad loan problem and to recapitalize insolvent state banks. By restoring an incentive for banks to price accurately the risks of new lending, this effort would be an important first step in strengthening financial control. However, we argue that this endeavor is only part of the task at hand; the remainder is to provide financing that facilitates the economic restructuring of SOEs. A comprehensive strategy may involve combining discipline derived from enforcing existing loans to SOEs with adequate funding for new forms of ownership, including financing for enterprise sell-offs and leasing.
Notes:
Description based on print version record.
Contributor:
Fries, Steven M.
Lane, Timothy D.
Other format:
Print Version:
ISBN:
1451978855:
9781451978858
ISSN:
1018-5941
Publisher Number:
10.5089/9781451978858.001
Access Restriction:
Restricted for use by site license.
Location Notes Your Loan Policy
Description Status Barcode Your Loan Policy