Approaches to Corporate Debt Restructuring in the Wake of Financial Crises /

This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in the nonfinancial corporate sector. It then draws on lessons from past crises to explain three broad approaches that have been applied to corporate debt restructurings in the afterm...

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Autor principal: Laryea, Thomas
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2010.
Col·lecció:IMF Staff Position Notes; Staff Position Note ; No. 2010/002
Accés en línia:Full text available on IMF
Descripció
Sumari:This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in the nonfinancial corporate sector. It then draws on lessons from past crises to explain three broad approaches that have been applied to corporate debt restructurings in the aftermath of a crisis. From there, it addresses challenges in designing and implementing a comprehensive debt restructuring strategy and draws together some key principles.
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Descripció física:1 online resource (32 pages)
Format:Mode of access: Internet
ISSN:2617-6742
Accés:Electronic access restricted to authorized BRAC University faculty, staff and students