The three crisis countries and Malaysia implemented comprehensive bank restructuring strategies. This section discusses selected issues related to the design and implementation of these strategies. It reviews broad principles and policies underlying such strategies and discusses operational issues related to the restructuring, such as institutional arrangements, issues in valuing financial institutions, the speed of recapitalization, methods to deal with troubled institutions, management of value-impaired assets, the cost of the restructuring, institutional constraints, and linkages with corporate restructuring.
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