A World Bank, International Monetary Fund, and Brookings Institution publicationMore 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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Yes, you can access Managing Financial and Corporate Distress by Charles Adams, Robert E. Litan, Michael Pomerleano in PDF and/or ePUB format, as well as other popular books in Economics & Macroeconomics. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Brookings Institution Press

Year

2010

ISBN

9780815717294

Topic

Economics

Subtopic

Macroeconomics

Index

Economics

Front Cover
Title Page
Copyright Information
Table of Contents
Foreword
Introduction
Part I: Debt Restructuring: What Does It Matter?
How Easy Should Debt Restructuring Be?
The Role of Institutions for Collective Action
Part II: 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: Long-Term Growth Implications for the Crisis Economies
Part III: Facilitating Restructuring
Facilitating Bank and Corporate Restructuring: The Role of Government
Governments as Managers of Systemic Financial Crises; Controlling Costs by Integrating Bank and Corporate Restructuring
The London Approach and Corporate Debt Restructuring in East Asia
Part IV: Risk Management
Short-Term Debt and Financial Crises
What You See versus What You Get: Derivatives in International Capital Flows
Financial Risk Management and Liquidity Crises
Will Self-Protection Policies Safeguard Emerging Markets from Crises?
Managing Risks of Global Financial Market Integration
Contributors
Index
Back Cover