| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8386 |
| 来源ID | Working Paper 8386 |
| Financial Restructuring in Banking and Corporate Sector Crises: What Policies to Pursue? | |
| Stijn Claessens; Daniela Klingebiel; Luc Laeven | |
| 发表日期 | 2001-07-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | We review the literature on resolving bank and corporate sector crises to identify government policies that affect the depth of a crisis and the ease and sustainability of recovery, and to analyze their fiscal cost. A consistent framework - including sufficient resources for loss-absorption and private agents facing the right framework of sticks and carrots - is the, although often missing key to successful bank and corporate restructuring. Sustainability of restructuring calls for deeper structural reforms, which often requires dealing with political economy factors up-front. Using data for 687 corporations from eight crisis countries, we find empirically that a package of specific resolution measures can help accelerate the recovery from a crisis. These policies, however, come with significant fiscal costs. |
| 主题 | Financial Economics ; Financial Markets ; Financial Institutions |
| URL | https://www.nber.org/papers/w8386 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565988 |
| 推荐引用方式 GB/T 7714 | Stijn Claessens,Daniela Klingebiel,Luc Laeven. Financial Restructuring in Banking and Corporate Sector Crises: What Policies to Pursue?. 2001. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8386.pdf（134KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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