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Asia and Pacific > Thailand

You are looking at 1 - 2 of 2 items for :

  • Type: Journal Issue x
  • Governmental Loans, Loan Guarantees, Credits, and Grants x
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Cover IMF Staff Position Notes
Disclosing Fiscal Risks in the Post-Crisis World
International Monetary Fund
This paper discusses appropriate methods for disclosing fiscal risks from exogenous shocks and the realization of explicit or implicit contingent obligations of the government. Expanding on previous guidance prepared prior to the crisis, the note focuses on fiscal risks emerging from recent public interventions in the financial sector. Information on fiscal risks and its public reporting leads to a better understanding of the true state of the public finances. Thus, it helps policymakers design and gets public support for, appropriate responses to the realization of various contingencies. More specifically, in the context of the unfolding global financial crisis, a wide range of public sector interventions have been in support of the financial system. Although these interventions have been necessary, they have generated further fiscal risks. Comprehensive reporting would help governments to define a management strategy of the assets and liabilities that they have taken on their balance sheet and to prepare exit strategies for reducing their presence in the financial sector and eventually withdrawing support.
Keywords:
SPN; financial crisis; debt; risk; public finance; fiscal risk; debt stock; asset recovery; debt repayment; fair value; asset price volatility; commercial paper; purchased assets; recovery rate; risk ratings approach; forward-looking risk estimate; Fiscal risks; Contingent liabilities; Public sector; Financial statements; Global
Cover IMF Working Papers
Recapitalizing Banks with Public Funds: Selected Issues
International Monetary Fund
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.
Keywords:
WP; preference shares; bank recapitalization; public funds; bank assets; bank C; bank capital; bank profitability; bank restructuring; intervened bank; asset management companies; asset valuation; bank restructuring agencies; Tier 1 capital; Tier 2 capital; preferred shares; restructuring bank; bank Negara; problem bank; credit crunch; Deudores de la Banca; bank ownership; bank supervisor; Loans; Bonds; Bank resolution; Distressed assets; Debt restructuring; Central and Eastern Europe; Asia and Pacific