Franklin

Two Approaches to Resolving Nonperforming Assets During Financial Crises [electronic resource] Woo, D..

Author/Creator:
Woo, D.
Publication:
Washington, D.C. : International Monetary Fund, 2000.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 00/33.
IMF Working Papers; Working Paper No. 00/33
Format/Description:
Government document
Book
1 online resource (41 p.)
Local subjects:
Asian crisis. (search)
Asian financial crisis. (search)
Asset management. (search)
Asset management companies. (search)
Banking crises. (search)
Banking supervision. (search)
Bond market. (search)
Capital adequacy. (search)
Closed banks. (search)
Corporate debt. (search)
Corporate sector. (search)
Credit bureaus. (search)
Credit market. (search)
Credit rating. (search)
Creditor. (search)
Creditors. (search)
Crisis countries. (search)
Debt. (search)
Debt forgiveness. (search)
Debt instruments. (search)
Debt management. (search)
Debt recovery. (search)
Debt repayment. (search)
Debt resolution. (search)
Debt restructuring. (search)
Debt service. (search)
Debt workout. (search)
Debtors. (search)
Defaults. (search)
Deposit insurance. (search)
Financial crises. (search)
Financial crisis. (search)
Financial restructuring. (search)
Financial sector crisis. (search)
Foreclosure. (search)
Government securities. (search)
Insolvency. (search)
Insolvent banks. (search)
Interest. (search)
Legal infrastructure. (search)
Legal protection. (search)
Legal systems. (search)
Letters of credit. (search)
Liabilities. (search)
Loans. (search)
Mortgage loans. (search)
Obligations. (search)
Outstanding debt. (search)
Payments. (search)
Political interference. (search)
Rating agencies. (search)
Recapitalization. (search)
Receivership. (search)
Recession. (search)
Repayment. (search)
Resolution of banking crises. (search)
Resource allocation. (search)
Restructuring. (search)
Risk premium. (search)
Secondary markets. (search)
Solvency. (search)
Subordinated debt. (search)
Systemic bank restructuring. (search)
Tax deduction. (search)
Tax systems. (search)
Taxes. (search)
Taxpayers. (search)
Asia. (search)
Indonesia. (search)
Korea, Republic of. (search)
Malaysia. (search)
Thailand. (search)
Summary:
The unprecedented rise in nonperforming assets during the recent Asian financial crisis severely tested the limit and capacity of the existing asset management infrastructure, leading policymakers to consider new approaches to resolve them. This paper examines two such approaches—the creation of asset management companies and the development of out-of-court centralized corporate debt workout frameworks—that came to define the core asset management setting in countries most seriously affected by the crisis. In addition to investigating their respective role, and evaluating their strengths and weaknesses, this paper seeks to benchmark some best practices in their design.
Notes:
Description based on print version record.
Contributor:
Woo, D.
Other format:
Print Version:
ISBN:
1451845170:
9781451845174
ISSN:
1018-5941
Publisher Number:
10.5089/9781451845174.001
Access Restriction:
Restricted for use by site license.
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