Flattening the Insolvency Curve : Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery /

The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on liquidity support to help firms survive the shock. This paper discusses how th...

詳細記述

書誌詳細
第一著者: Bauer, W.
その他の著者: Craig, R., Garrido, Jose, Kang, Kenneth
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2021.
シリーズ:IMF Working Papers; Working Paper ; No. 2021/016
主題:
オンライン・アクセス:Full text available on IMF
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245 1 0 |a Flattening the Insolvency Curve :   |b Promoting Corporate Restructuring in Asia and the Pacific in the Post-C19 Recovery /  |c W. Bauer, R. Craig, Jose Garrido, Kenneth Kang. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
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490 1 |a IMF Working Papers 
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520 3 |a The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on liquidity support to help firms survive the shock. This paper discusses how the initial policy response should evolve as the region's economies stabilize and enter the recovery phase. Many firms will need to repair their balance sheets and adjust their business models to the post-pandemic realities. The priority will be to support this process by facilitating the efficient restructuring of viable firms while allowing nonviable firms to exit. This requires action on three complementary fronts: reinforcing private debt resolution frameworks to flatten the insolvency curve, ensuring that adequate financing is available to support corporate restructuring, and facilitating access to equity to speed up the reallocation of jobs and capital into growth sectors. 
538 |a Mode of access: Internet 
650 7 |a Corporate Restructuring  |2 imf 
650 7 |a COVID-19  |2 imf 
650 7 |a Financial Sector Policy  |2 imf 
650 7 |a Fiscal Response  |2 imf 
650 7 |a Insolvency Frameworks  |2 imf 
700 1 |a Craig, R. 
700 1 |a Garrido, Jose. 
700 1 |a Kang, Kenneth. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/016 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/016/001.2021.issue-016-en.xml  |z IMF e-Library