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Middle East and Central Asia > Mauritania, Islamic Republic of

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Crisis management x
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Cover Lessons From Systemic Bank Restructing
Lessons From Systemic Bank Restructing
International Monetary Fund

Abstract

Systemic bank restructing aims to improve bank performance - that is, restore solvency and profitability, improve the banking system's capacity to provide financial intermediation between savers and borrowers, and restore public confidence. The authors of this studyanalyzed the experiences of 24 countries that initiated reforms in the1980s and early 1990s.

Keywords:
EI; bank; government; country; bank assets; bank management; bank performance; problem bank; country experience; State development bank; bank restructuring program; bank obligation; government assistance; bank privatization; moderate-progress country; bank rescue operations; Bank resolution; Commercial banks; Nonperforming loans; Banking crises; Bank solvency; West Africa; Global
Cover IMF Policy Discussion Papers
Fiscal Accounting of Bank Restructuring
Mr. Andy M. Wolfe
,
Mr. Jeffrey M. Davis
, and
Mr. James Daniel
Current guidelines and practice for classifying government bank assistance operations inadequately capture in the fiscal balance some of the most common, and important, operations. The shortcomings result from the focus on the general government, the exclusion of non-cash operations, and divergences between the timing of cash outlays and the economic impact of assistance operations. Complementing the standard measures of the fiscal balance with an “augmented” balance would provide a definition that is transparent, comprehensive, and reasonably comparable across countries. The augmented balance would explicitly incorporate the major quantifiable fiscal costs of bank assistance operations that are not already included in current definitions of the overall balance.
Keywords:
PDP; bank; assistance operation; outlay; cash; debt; Fiscal; Accounting; Banks; augmented balance; bank assistance measure; interbank debt; bank assistance cost; banks equivalent; Fiscal stance; Quasi-fiscal operations; Currencies; Bank resolution
Cover IMF Working Papers
Fiscal Aspects of Bank Restructuring
Mr. James Daniel
Governments frequently assist troubled banks. This paper examines the fiscal aspects of such assistance: rationale, design criteria, methods, and macroeconomic implications. It concludes that (1) banks should be assisted only when there is a clear systemic risk; (2) assistance should be tied to a comprehensive restructuring program, minimize fiscal cost, be equitable and transparent, prevent recurrence, and facilitate a sound macroeconomic environment; (3) debt-based assistance will worsen public sector debt sustainability and will probably increase aggregate demand; and (4) assistance may require a substantial fiscal response (especially given the possible need for a looser monetary stance), which should feed iteratively into the choice of restructuring strategy.
Keywords:
WP; bank assistance strategy; restructuring program; bank restructuring; bank behavior; banking system; defaulted debtor; Fiscal; Banks; Expenditure; Rescues; Restructuring; assistance strategy; assistance method; insolvent development bank; bank rescue; troubled bank; assistance operations; bank assistance operations; bank assistance measure; bank shareholder; Bank solvency; Commercial banks; Fiscal stance; Bank resolution