Bank Restructuring and Resolution

DAVID S. HOELSCHER is Division Chief of the Systemic Issues Division in the Monetary and Financial Systems Department of the International Monetary Fund (IMF), USA. He has worked intensively in a number of countries including Argentina, Ecuador and Russia. He has also served as IMF representative in Bolivia and Kazakhstan. His publications include Managing Systemic Banking Crises.

• PART I: OVERVIEW OF CRISIS RESOLUTION AND BANK RESTRUCTURING POLICIES The Resolution of Systemic Banking System Crises; S.Ingves & D.S.Hoelscher The Benefits and Costs of Intervening in Banking Crises; E.J.Frydl & M.G.Quintyn PART II: OPTIONS FOR BANK RESTRUCTURING Techniques of Bank Resolution; S.A.Seelig Issuing Government Bonds to Finance Bank Recapitalization and Restructuring: Design Factors that Affect Banks' Financial Performance; A.M.Andrews What Happens After Supervisory Intervention? Considering Bank Closure Options; A.M.Andrews & M.A.Josefsson Post-Resolution Treatment of Depositors at Failed Banks: Implications for the Severity of Banking Crises, Systemic Risk, and Too-Big-To-Fail; G.G.Kaufman & S.A.Seelig The IMF/World Bank Global Insolvency Initiative-Its Purpose and Principal Features; R.B.Leckow PART III: OPTIONS FOR ASSET MANAGEMENT Prudential Treatment of Restructured Loans; I.Song Issues in the Establishment of Asset Management Companies; S.Ingves, S.A.Seelig & D.He PART IV: COUNTRY EXPERIENCES From the Front Lines at Seoul Bank: Restructuring and Reprivatization; C.Kang The Banking Crises and Bank Resolution: Experiences in Some Transition Economies; C.A.Enoch, A-M.Gulde & D.C.Hardy Interventions in Banks during Banking Crises: The Experience of Indonesia; C.A.Enoch The Role of KAMCO in Resolving Nonperforming Loans in the Republic of Korea; D.He The Public Sector Recapitalization Program in Turkey; M.A.Josefsson

'The majority of papers in the book are practical guides to specific aspects of dealing with crises. They discuss, inter alia , the principles that should be used in seperating viable from non-viable banks... There are also a number of case studies of systematic crises in particuar countries...Government officials in these countries should keep this volume readily at hand for the next time the sky begins to darken.' - The Financial Regulator