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|c 5.00 USD
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|z 9781451847215
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Daniel, James.
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|a Fiscal Aspects of Bank Restructuring /
|c James Daniel.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1997.
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|a 1 online resource (33 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Governments frequently assist troubled banks. This paper examines the fiscal aspects of such assistance: rationale, design criteria, methods, and macroeconomic implications. It concludes that (1) banks should be assisted only when there is a clear systemic risk; (2) assistance should be tied to a comprehensive restructuring program, minimize fiscal cost, be equitable and transparent, prevent recurrence, and facilitate a sound macroeconomic environment; (3) debt-based assistance will worsen public sector debt sustainability and will probably increase aggregate demand; and (4) assistance may require a substantial fiscal response (especially given the possible need for a looser monetary stance), which should feed iteratively into the choice of restructuring strategy.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1997/052
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1997/052/001.1997.issue-052-en.xml
|z IMF e-Library
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