Research Discussion Papers, Bank of Finland
No 4/2004:
An approach to bank insolvency in transition and emerging economies
David G. Mayes ()
Abstract: In the light of the inequity of the way losses from bank
insolvencies and their avoidance through intervention by the authorities
have been distributed over creditors, depositors, owners and the population
at large in transition and emerging economies, this paper explores a number
of regulatory reforms that would alter the balance between seeking to avoid
insolvency and lowering the costs of insolvency should it occur. In
particular it considers whether a lex specialis for dealing with banks that
are in trouble through prompt corrective action and if necessary resolving
them if their net worth falls to zero, at little or no cost to the taxpayer
can be applied in the institutional framework of transition and emerging
economies.
Keywords: insolvency; banks; transition; emerging economies; (follow links to similar papers)
JEL-Codes: E53; G21; G28; K23; O16; (follow links to similar papers)
57 pages, January 1, 2004
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