Managing Financial and Corporate Distress: Lessons from Asia
Charles Adams, Robert E. Litan, Michael Pomerleano
Brookings Institution Press, Dec 1, 2010 - Business & Economics - 352 pages
A World Bank, International Monetary Fund, and Brookings Institution publication
More than three years have elapsed since the East Asian financial crisis erupted, threatening economic and financial stability in the region and beyond. Although many of the region's economies have since staged a remarkable turnaround, much additional restructuring and reform is needed. Managing Financial and Corporate Distress: Lessons from Asia, stands out from other works on the East Asian crisis by moving beyond macroeconomic assessments to offer an institutional treatment of the microeconomic aspects of the corporate and bank restructuring. Contributors draw on their practical, hands-on expertise in various aspects of finance to provide complementary perspectives on how best to set in place strong and responsive institutions that might be able to resolve and avoid future crises in other emerging markets.
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The Role of Institutions for Collective Action
Debt Restructuring in East Asia How Much How Fast and Lessons Learned
Financial Stabilization and Initial Restructuring of East Asian Corporations Approaches Results and Lessons
Debt Restructuring in East Asia Government and the Corporate Sector
Financial Sector Restructuring in East Asia
Restructuring in East Asia LongTerm Growth Implications for the Crisis Economies
The London Approach and Corporate Debt Restructuring in East Asia
ShortTerm Debt and Financial Crises
What You See versus What You Get Derivatives in International Capital Flows
Financial Risk Management and Liquidity Crises
Will SelfProtection Policies Safeguard Emerging Markets from Crises?
Managing Risks of Global Financial Market Integration
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Asian crisis asset management companies baht Bank Indonesia Bank of Thailand bank restructuring banking sector banking system bankruptcy bonds borrowers capital flows central bank chaebols citcumstances collective action clauses commercial banks corporate debt corporate restructuring costs country's credit risk creditors Daewoo debt restructuring debtors default developing countries domestic East Asia economic effective emerging market equity example exchange rate financial crises financial firms financial institutions financial openness financial sector financial system fiscal framework global growth IBRA incentives increase Indonesia inflows inrernational financial Inrernational Monetary Fund investment investors involved issues Korean banks lenders lending liquidity liquidity risk London Approach long-rerm losses Malaysia maturity ment Mexican moral hazard nonperforming loans portfolio positions potential problems ratio recapitalization regulatory reserves resobono restruc risk management role rupiah shareholders short-rerm debt South Korea structure swaps Thailand tion transactions trillion workout World Bank