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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP920 |
DP920 Indian Public Finance in the 1990s: Challenges and Prospects | |
Willem Buiter; U Patel | |
发表日期 | 1994-03-31 |
出版年 | 1994 |
语种 | 英语 |
摘要 | Governments throughout Eastern Europe have been singularly unsuccessful in dealing with large loss-making SOEs. A more promising approach would create an incentive framework and legal environment where the SOE's major non-government creditor can take the lead in initiating restructuring and the design of a new, viable capital structure. Such a lead bank is much more likely to gain access to the inside knowledge that gives the firm its surplus value as a going concern. The details of such an environment are laid out using the recent Polish attempt to launch a wholesale cleanup of the loss-making SOEs along lines promoted in this paper. |
关键词 | Commercial bank reform Corporate governance Eastern europe Financial sector regulation |
URL | https://cepr.org/publications/dp920 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530063 |
推荐引用方式 GB/T 7714 | Willem Buiter,U Patel. DP920 Indian Public Finance in the 1990s: Challenges and Prospects. 1994. |
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