Advanced Search
MyIDEAS: Login to save this paper or follow this series

Two Approaches to Resolving Nonperforming Assets During Financial Crises

Contents:

Author Info

  • D. Woo
Registered author(s):

    Abstract

    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.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3460
    Download Restriction: no

    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 00/33.

    as in new window
    Length: 41
    Date of creation: 01 Feb 2000
    Date of revision:
    Handle: RePEc:imf:imfwpa:00/33

    Contact details of provider:
    Postal: International Monetary Fund, Washington, DC USA
    Phone: (202) 623-7000
    Fax: (202) 623-4661
    Email:
    Web page: http://www.imf.org/external/pubind.htm
    More information through EDIRC

    Order Information:
    Web: http://www.imf.org/external/pubs/pubs/ord_info.htm

    Related research

    Keywords: Asia; asset management; restructuring; loans; debt; debt restructuring; creditors; debtors; interest; corporate debt; financial crises; financial restructuring; liabilities; asian crisis; debt workout; asset management companies; closed banks; payments; corporate sector; financial crisis; political interference; taxes; rating agencies; crisis countries; foreclosure; creditor; solvency; deposit insurance; repayment; insolvency; legal protection; defaults; secondary markets; debt management; risk premium; insolvent banks; credit rating; debt instruments; outstanding debt; tax systems; capital adequacy; banking supervision; debt resolution; tax deduction; obligations; banking crises; systemic bank restructuring; credit bureaus; legal infrastructure; receivership; resource allocation; recapitalization; debt recovery; asian financial crisis; recession; subordinated debt; legal systems; taxpayers; government securities; letters of credit; credit market; mortgage loans; bond market; debt repayment; debt service; debt forgiveness; financial sector crisis; resolution of banking crises;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Gary Gorton & Lixin Huang, 2002. "Liquidity, Efficiency and Bank Bailouts," NBER Working Papers 9158, National Bureau of Economic Research, Inc.
    2. He, Dong, 2002. "Resolving Non-performing Assets of the Indian Banking System," MPRA Paper 9758, University Library of Munich, Germany.
    3. Miroslav Kollár & Luboš Komárek, 2009. "Selective Approaches and Experiences with Problematic Assets in Banking Sector," Politická ekonomie, University of Economics, Prague, University of Economics, Prague, vol. 2009(5), pages 601-621.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:00/33. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.