Publication:
How to Accelerate Corporate and Financial Sector Restructuring in East Asia

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dc.contributor.authorClaessens, Stijn
dc.contributor.authorDjankov, Simeon
dc.contributor.authorKlingebiel, Daniela
dc.date.accessioned2012-08-13T15:06:37Z
dc.date.available2012-08-13T15:06:37Z
dc.date.issued1999-11
dc.description.abstractResolving systemic banking and corporate distress is not easy. The large scale of the East Asian financial crisis has made the task even more daunting in Indonesia, the Republic of Korea, Malaysia, and Thailand. Two years into the process, bank and corporate restructuring is still a work in progress. Governments should act to accelerate it. Besides adopting common policy prescriptions - improving financial regulation, corporate governance, and bankruptcy procedures and shoring up banks' capital positions - governments could take three additional steps: Set up competitive, privately managed specialized funds, to hold nonperforming loans and depoliticize restructuring. Allow auctions as an alternative to negotiations, to speed debt restructuring. And allow employee ownership participation schemes, to reduce workers' resistance to changes in ownership.en
dc.identifierhttp://documents.worldbank.org/curated/en/1999/11/439479/accelerate-corporate-financial-sector-restructuring-east-asia
dc.identifier.doi10.1596/11452
dc.identifier.urihttps://hdl.handle.net/10986/11452
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesViewpoint: Public Policy for the Private Sector; Note No. 200
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectASSET MANAGEMENT
dc.subjectASSET MANAGEMENT COMPANIES
dc.subjectASSET PRICE BUBBLE
dc.subjectASSET RECOVERY
dc.subjectASSETS
dc.subjectAUCTION
dc.subjectAUCTION PROCESS
dc.subjectAUCTION SCHEME
dc.subjectAUCTIONS
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANK OF JAPAN
dc.subjectBANK RECAPITALIZATION
dc.subjectBANKING CRISES
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY PROCEDURES
dc.subjectBANKS
dc.subjectCASH FLOWS
dc.subjectCOMMON POLICY
dc.subjectCORPORATE CONTROL
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE RESTRUCTURING
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT DISCIPLINE
dc.subjectCREDITOR PROTECTION
dc.subjectCRISIS ECONOMIES
dc.subjectCROSS-COUNTRY EXPERIENCE
dc.subjectDEBT
dc.subjectDEBT RESTRUCTURING
dc.subjectDEBT SERVICING
dc.subjectDEPOSIT GUARANTEES
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEREGULATION
dc.subjectDISCLOSURE
dc.subjectEQUITY CAPITAL
dc.subjectEQUITY MARKETS
dc.subjectEXTENSIVE DEPOSIT GUARANTEES
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL REGULATION
dc.subjectFINANCIAL RESTRUCTURING
dc.subjectFORECLOSURE LAWS
dc.subjectFOREIGN MANAGEMENT
dc.subjectFOREIGN SALES
dc.subjectFRAUDULENT ASSETS
dc.subjectGAMBLING
dc.subjectGUIDELINES
dc.subjectINCENTIVE FRAMEWORK
dc.subjectINSOLVENCY
dc.subjectINSTITUTIONAL REFORM
dc.subjectINTEREST RATES
dc.subjectINVENTORY
dc.subjectLABOR UNIONS
dc.subjectLAND PRICES
dc.subjectLAWS
dc.subjectLIQUIDITY
dc.subjectLOAN CLASSIFICATION
dc.subjectLOAN LOSS PROVISIONS
dc.subjectMARKET VALUE
dc.subjectMATURITIES
dc.subjectMERGERS
dc.subjectMUTUAL FUNDS
dc.subjectNATIONALIZATION
dc.subjectNONBANK FINANCIAL INSTITUTIONS
dc.subjectNONPERFORMING LOANS
dc.subjectPAYOUT
dc.subjectPORTFOLIO
dc.subjectPORTFOLIOS
dc.subjectPRESENT VALUE
dc.subjectPROFITABILITY
dc.subjectPUBLIC DEBT
dc.subjectRECAPITALIZATION
dc.subjectREORGANIZATION
dc.subjectRETAINED EARNINGS
dc.subjectRETIREMENT
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSHAREHOLDERS
dc.subjectSTATE OWNERSHIP
dc.subjectSTOCK MARKETS
dc.subjectSUBORDINATED DEBT
dc.subjectSUPERVISORY FRAMEWORK
dc.subjectSWAPS
dc.subjectTRANSPARENCY
dc.subjectVENTURE CAPITAL CORPORATE RESTRUCTURING
dc.subjectFINANCIAL SECTOR REFORM
dc.subjectBANKING DISTRESS
dc.subjectFINANCIAL CRISES
dc.subjectECONOMIC CRISIS
dc.subjectCORPORATE GOVERNANCE
dc.subjectDEBT RESTRUCTURING
dc.subjectINVESTMENT FUNDS
dc.subjectAUCTIONS
dc.subjectPARTICIPATION OF STAKEHOLDERS
dc.subjectEMPLOYEE OWNERSHIP
dc.subjectCORPORATE DEBT
dc.titleHow to Accelerate Corporate and Financial Sector Restructuring in East Asiaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaFragility, Conflict, and Violence
okr.date.doiregistration2025-04-29T09:15:22.679889Z
okr.doctypePublications & Research::Viewpoint
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/1999/11/439479/accelerate-corporate-financial-sector-restructuring-east-asia
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.guid357151468772150262
okr.identifier.externaldocumentum090224b0854eec70_2_0
okr.identifier.internaldocumentum439479
okr.identifier.report19931
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/1999/12/30/000094946_99122006065240/Rendered/PDF/multi_page.pdfen
okr.region.administrativeEast Asia and Pacific
okr.sectorFinance
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicUrban Development::Municipal Financial Management
okr.topicBanks and Banking Reform
okr.topicFinancial Crisis Management and Restructuring
okr.topicInternational Terrorism and Counterterrorism
okr.topicConflict and Development
okr.unitFin & Private Sector Develop VP
okr.volume1 of 1
relation.isSeriesOfPublication1067ecbf-b217-4376-a77e-64594be2b212
relation.isSeriesOfPublication.latestForDiscovery1067ecbf-b217-4376-a77e-64594be2b212
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