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Bad Debts and the Cleaning of Banks' Balance Sheets: An Application to Transition Economies

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  • Mitchell, Janet
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    File URL: http://www.sciencedirect.com/science/article/pii/S1042-9573(00)90304-8
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    Article provided by Elsevier in its journal Journal of Financial Intermediation.

    Volume (Year): 10 (2001)
    Issue (Month): 1 (January)
    Pages: 1-27

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    Handle: RePEc:eee:jfinin:v:10:y:2001:i:1:p:1-27
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622875

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    1. Levine, Ross & Scott, David, 1993. "Old debts and new beginnings: A policy choice in transitional socialist economies," World Development, Elsevier, vol. 21(3), pages 319-330, March.
    2. David Begg & Richard Portes, 1993. "Enterprise debt and economic transformation (Financial restructuring of the state sector in Central and Eastern Europe)," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 1(1), pages 116-117, 01.
    3. Shleifer, Andrei & Vishny, Robert W, 1992. " Liquidation Values and Debt Capacity: A Market Equilibrium Approach," Journal of Finance, American Finance Association, vol. 47(4), pages 1343-1366, September.
    4. Boot, Arnoud W A & Thakor, Anjan V, 1993. "Self-Interested Bank Regulation," American Economic Review, American Economic Association, vol. 83(2), pages 206-212, May.
    5. Begg, David & Portes, Richard, 1993. "Enterprise debt and financial restructuring in Central and Eastern Europe," European Economic Review, Elsevier, vol. 37(2-3), pages 396-407, April.
    6. Guillermo A. Calvo & Jacob A. Frenkel, 1991. "Credit Markets, Credibility, and Economic Transformation," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 139-148, Fall.
    7. Corbett, Jennifer & Mitchell, Janet, 2000. "Banking Crises and Bank Rescues: The Role of Reputation," CEPR Discussion Papers 2453, C.E.P.R. Discussion Papers.
    8. Bolton, Patrick & Scharfstein, David S, 1990. "A Theory of Predation Based on Agency Problems in Financial Contracting," American Economic Review, American Economic Association, vol. 80(1), pages 93-106, March.
    9. Corbett, Jenny & Mitchell, Janet, 2000. "Banking Crises and Bank Rescues: The Effect of Reputation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 32(3), pages 474-512, August.
    10. Sanford J. Grossman & Oliver D. Hart, 1982. "Corporate Financial Structure and Managerial Incentives," NBER Chapters,in: The Economics of Information and Uncertainty, pages 107-140 National Bureau of Economic Research, Inc.
    11. Philippe Aghion, Patrick Bolton & Steven Fries, 1999. "Optimal Design of Bank Bailouts: The Case of Transition Economies," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(1), pages 1-51, March.
    12. S Estrin & P Hare & M Suranyi, 1992. "Banking in Transition: Development and Current Problems in Hungary," CEP Discussion Papers dp0068, Centre for Economic Performance, LSE.
    13. John H. Boyd & Chun Chang & Bruce D. Smith, 1998. "Moral hazard under commercial and universal banking," Proceedings, Federal Reserve Bank of Cleveland, issue Aug, pages 426-471.
    14. George J. Mailath & Loretta J. Mester, 1991. "When do regulators close banks? When should they?," Working Papers 91-24, Federal Reserve Bank of Philadelphia.
    15. J. Caprio & P. Honohan, 2000. "Restoring Banking Stability: Beyond Supervised Capital Requirements," South African Journal of Economics, Economic Society of South Africa, vol. 68(1), pages 5-22, 03.
    16. Dreyfus, Jean-Francois & Saunders, Anthony & Allen, Linda, 1994. "Deposit Insurance and Regulatory Forbearance: Are Caps on Insured Deposits Optimal?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 26(3), pages 412-438, August.
    17. Raghuram G. Rajan, 1994. "Why Bank Credit Policies Fluctuate: A Theory and Some Evidence," The Quarterly Journal of Economics, Oxford University Press, vol. 109(2), pages 399-441.
    18. Demirguc-Kent, Asli & Detragiache, Enrica, 1998. "Financial liberalization and financial fragility," Policy Research Working Paper Series 1917, The World Bank.
    19. Jean-Charles Rochet & Jean Tirole, 1996. "Interbank lending and systemic risk," Proceedings, Board of Governors of the Federal Reserve System (U.S.), pages 733-765.
    20. Fabrizio Coricelli & Alfredo Thorne, 1993. "Dealing with enterprises' bad loans," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 1(1), pages 112-115, 01.
    21. Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
    22. Bhattacharya, Sudipto & Boot, Arnoud W A & Thakor, Anjan V, 1998. "The Economics of Bank Regulation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 30(4), pages 745-770, November.
    23. Francisco Gil-Diaz, 1998. "The Origin of Mexico's 1994 Financial Crisis," Cato Journal, Cato Journal, Cato Institute, vol. 17(3), pages 303-313, Winter.
    24. John P Bonin, 1993. "On the Way to Privatizing Commercial Banks: Poland and Hungary Take Different Roads," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 35(4), pages 103-119, December.
    25. Harris, Milton & Raviv, Artur, 1990. " Capital Structure and the Informational Role of Debt," Journal of Finance, American Finance Association, vol. 45(2), pages 321-349, June.
    26. Elizabeth McQuerry, 1999. "The banking sector rescue in Mexico," Economic Review, Federal Reserve Bank of Atlanta, issue Q3, pages 14-29.
    27. Saunders, Anthony & Sommariva, Andrea, 1993. "Banking sector and restructuring in Eastern Europe," Journal of Banking & Finance, Elsevier, vol. 17(5), pages 931-957, September.
    28. Slovin, Myron B & Sushka, Marie E & Polonchek, John A, 1993. " The Value of Bank Durability: Borrowers as Bank Stakeholders," Journal of Finance, American Finance Association, vol. 48(1), pages 247-266, March.
    29. Townsend, Robert M., 1979. "Optimal contracts and competitive markets with costly state verification," Journal of Economic Theory, Elsevier, vol. 21(2), pages 265-293, October.
    30. James, Christopher, 1991. " The Losses Realized in Bank Failures," Journal of Finance, American Finance Association, vol. 46(4), pages 1223-1242, September.
    31. Mitchell, Janet, 1998. "Strategic Creditor Passivity, Regulation and Bank Bailouts," CEPR Discussion Papers 1780, C.E.P.R. Discussion Papers.
    32. Hart, Oliver & Moore, John, 1995. "Debt and Seniority: An Analysis of the Role of Hard Claims in Constraining Management," American Economic Review, American Economic Association, vol. 85(3), pages 567-585, June.
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