A taxonomy of financial crisis resolution mechanisms :
Calomiris, Charles W.
A taxonomy of financial crisis resolution mechanisms : cross-country experience / Charles Calomiris, Daniela Klingebiel, and Luc Laeven. - Washington, D. C : World Bank, 2004. - 74p ; 27 cm. - Policy research working papers ; no. 3379 .
Also available online. "The goals of financial restructuring are to reestablish the creditor-debtor relationships on which the economy depends for an efficient allocation of capital, and accomplish that objective at minimal cost. Costs include direct costs to taxpayers of financial assistance and the indirect costs to the economy that result from misapplications of capital and incentive problems resulting from the restructuring. Calomiris, Klingebiel and Laeven review cases in which countries used alternative mechanisms to restructure their financial and corporate sectors. Countries typically apply a combination of tools, in clung decentralized, market-based mechanisms, and government-managed programs. Marketbased strategies seek to strengthen the capital base of financial institutions and borrowers to enable them to renegotiate debt and resume new credit supply. Government-led restructuring strategies
Includes bibliographical references.
Open access.
Financial crises--Case studies.
Finance, Public--Case studies.
Privatization--Case studies.
A taxonomy of financial crisis resolution mechanisms : cross-country experience / Charles Calomiris, Daniela Klingebiel, and Luc Laeven. - Washington, D. C : World Bank, 2004. - 74p ; 27 cm. - Policy research working papers ; no. 3379 .
Also available online. "The goals of financial restructuring are to reestablish the creditor-debtor relationships on which the economy depends for an efficient allocation of capital, and accomplish that objective at minimal cost. Costs include direct costs to taxpayers of financial assistance and the indirect costs to the economy that result from misapplications of capital and incentive problems resulting from the restructuring. Calomiris, Klingebiel and Laeven review cases in which countries used alternative mechanisms to restructure their financial and corporate sectors. Countries typically apply a combination of tools, in clung decentralized, market-based mechanisms, and government-managed programs. Marketbased strategies seek to strengthen the capital base of financial institutions and borrowers to enable them to renegotiate debt and resume new credit supply. Government-led restructuring strategies
Includes bibliographical references.
Open access.
Financial crises--Case studies.
Finance, Public--Case studies.
Privatization--Case studies.