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Recapitalizing Banks with Public Funds

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  • International Monetary Fund
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    Abstract

    Recapitalizing banks in a systemic crisis is a complex medium-term process that requires significant government intervention and careful management at both the strategic and individual bank levels. This paper highlights the range of operational and strategic issues to be addressed and the institutional arrangements needed to foster an effective banking system restructuring and maximize the returns on government investment. The approaches to recapitalization have varied, with countries choosing different mixes of direct capital injections and asset purchase and rehabilitation. The choice of an appropriate mix is critical, to minimize the expected present value of government outlays net of recoveries.

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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3294
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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 99/139.

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    Length: 53
    Date of creation: 01 Oct 1999
    Date of revision:
    Handle: RePEc:imf:imfwpa:99/139

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    Postal: International Monetary Fund, Washington, DC USA
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    Fax: (202) 623-4661
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    Web page: http://www.imf.org/external/pubind.htm
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    Related research

    Keywords: Banks; Banking systems; Public finance; restructuring; debt; loans; recapitalization; debt restructuring; banking; asset management; bank restructuring; interest; deposit insurance; subordinated debt; liabilities; tier 1 capital; bank recapitalization; tier 2 capital; corporate debt; asset management company; debts; banking system; systemic bank restructuring; debtors; creditors; capital adequacy; bank assets; insolvency; payments; loan classification; solvency; banking sector; regulatory forbearance; debt workout; banking supervision; repayment; off ? balance sheet; present value; banking crisis; obligations; bank capital; debt resolution; debt service; capital adequacy ratio; foreign exchange; bankers; taxes; bank insurance; bank liabilities; debt forgiveness; international debt; banking supervisors; government guarantee; bank for international settlements; debt instruments; bank of thailand; bank closures; expenditures; debt servicing; bank negara malaysia; tax deduction; bank portfolios; bank insurance fund; credit bureaus; problem bank; mortgage loans; liquidity management; bank problems; banks ? loans; bank claims; private debt; connected lending; supplementary capital; bank profits; credit guarantees; debt agreements; banking services; retained earnings; cooperatives; syndicated loans; bank holding companies; credit unions; bank restructuring agencies; discounted present value; independent bank; merchant bank; bank loan; bank holding; taxpayers; bank assistance; bank owners; mortgage principal; secondary markets; bank indonesia; credit risks; national bank; bank liquidity; budgetary resources; receivership; consumer debt; purchase and assumption transaction; debt renegotiations; debt relief; loan administration; bank supervisor; investment bank; bank ownership; level playing field; nationalized bank; bank operations; tax exemptions; bank asset; banking distress; credit insurance; convertible debt; creditor; bank debentures; bank ? closure; banker; bankruptcy laws; federal deposit insurance; savings bank;

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    Cited by:
    1. Gary Gorton & Lixin Huang, 2004. "Liquidity, Efficiency, and Bank Bailouts," American Economic Review, American Economic Association, vol. 94(3), pages 455-483, June.
    2. Jan Cimburek & Miroslav Kollár & Lubos Komárek & Pavel Rezábek, 2009. "Resolving Nonperforming Assets in the Czech Republic: Theory and Practice," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 7(3), pages 21-28, October.
    3. Miroslav Kollár & Luboš Komárek, 2009. "Selective Approaches and Experiences with Problematic Assets in Banking Sector," Politická ekonomie, University of Economics, Prague, vol. 2009(5), pages 601-621.

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