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Author Andrews, Michael, 1959- author

Title What happens after supervisory intervention? : considering bank closure options / Michael Andrews and Mats Josefsson
Published [Washington, D.C.] : International Monetary Fund, [2003]
©2003
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Description 1 online resource (24 pages)
Series IMF working paper ; WP/03/17
IMF working paper ; WP/03/17
Summary Closures have been used to resolve problem banks in many countries in a wide range of economic circumstances, yet banking supervisors frequently defer intervention and closure. Avoiding the costs of disruption is the principal argument in favor of extraordinary measures, such as the use of public funds for recapitalization or forbearance, as alternatives to closing insolvent banks. Well-planned and implemented closure options can preserve essential functions performed by failing banks, mitigating disruption. Extraordinary measures to avoid closure should generally be avoided, but may be used in a systemic crisis to preserve some portion of a widely insolvent banking sector
Bibliography Includes bibliographical references (pages 23-24)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Bank failures.
Bank insurance.
Banks and banking -- State supervision.
Corporate reorganizations.
Deposit insurance.
Form Electronic book
Author Josefsson, Mats, author
International Monetary Fund. Monetary and Exchange Affairs Department.
ISBN 1281604445
1451891431
9781281604446
9781451891430