Financial And Enterprise Restructuring In Emerging Market Economies

Author : Mr.Timothy D. Lane,Mr.Steven M. Fries
Publisher : International Monetary Fund
Page : 28 pages
File Size : 45,6 Mb
Release : 1994-03-01
Category : Business & Economics
ISBN : 9781451978858

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Financial and Enterprise Restructuring in Emerging Market Economies by Mr.Timothy D. Lane,Mr.Steven M. Fries Pdf

This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the bad loan problem and to recapitalize insolvent state banks. By restoring an incentive for banks to price accurately the risks of new lending, this effort would be an important first step in strengthening financial control. However, we argue that this endeavor is only part of the task at hand; the remainder is to provide financing that facilitates the economic restructuring of SOEs. A comprehensive strategy may involve combining discipline derived from enforcing existing loans to SOEs with adequate funding for new forms of ownership, including financing for enterprise sell-offs and leasing.

Author : Steven M. Fries,Timothy D. Lane
Publisher : Unknown
Page : 0 pages
File Size : 48,8 Mb
Release : 1994
Category : Electronic
ISBN : OCLC:481711450

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Financial and Enterprise Restructuring in Emerging Market Economies by Steven M. Fries,Timothy D. Lane Pdf

Author : Steven Fries
Publisher : Unknown
Page : 28 pages
File Size : 40,9 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291213156

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Financial and Enterprise Restructuring in Emerging Market Economies by Steven Fries Pdf

This paper examines alternative approaches to building sound financial structures in emerging market economies. The foremost task is to resolve the bad loan problem and to recapitalize insolvent state banks. By restoring an incentive for banks to price accurately the risks of new lending, this effort would be an important first step in strengthening financial control. However, we argue that this endeavor is only part of the task at hand; the remainder is to provide financing that facilitates the economic restructuring of SOEs. A comprehensive strategy may involve combining discipline derived from enforcing existing loans to SOEs with adequate funding for new forms of ownership, including financing for enterprise sell-offs and leasing.

Author : Richard Marney,Timothy Stubbs
Publisher : Springer Nature
Page : 422 pages
File Size : 41,9 Mb
Release : 2021-09-02
Category : Business & Economics
ISBN : 9783030813062

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Corporate Debt Restructuring in Emerging Markets by Richard Marney,Timothy Stubbs Pdf

Corporate debt restructurings in the emerging markets have always presented special challenges. Today, as the global economy emerges from the COVID-19 pandemic and businesses look to pick up the pieces, this is even more true. For many, the financial hangover of the lockdowns and market disruptions linger and threaten their independence, even their survival. This peril is more acute in the emerging and frontier markets. Weaker economic fundamentals and institutional resiliency often intensify the challenge to return to pre-COVID-19 operating levels and financial sustainability. In this context, borrowers invariably must address the imbalance of substantial existing debt with the “new reality” of their business operations and revenues. This book, using case studies, presents a full, detailed narrative of a fictitious troubled bank in an emerging market, with characters, dialogues, and negotiations. It also includes a series of discussion questions with suggested answers, to draw out key issues from the case. In doing so, this initial narrative offers a substantive analysis of the five main phases and principles of a restructuring: (1) pre-restructuring, (2) the decision to restructure, (3) the case set-up, (4) structuring and negotiation, and lastly (5) implementation. In each chapter, the book outlines the main elements of the phases and shows how the elements are applied in practice. The book also presents separate chapters on exogenous shocks (with a focus on the COVID-19 pandemic as an example of such shocks), macroeconomics, and legal issues present in cross-border restructurings. It will be of interest to the international professional financial and legal community, primarily junior-to mid-level financiers, business people, and lawyers.

Author : Simeon Djankov,Peter Murrell
Publisher : World Bank Publications
Page : 36 pages
File Size : 46,5 Mb
Release : 2000-01-01
Category : Political Science
ISBN : 0821348159

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The Determinants of Enterprise Restructuring in Transition by Simeon Djankov,Peter Murrell Pdf

Over the last decade, more than one hundred fifty thousand large enterprises in twenty seven transition countries have encountered revolutionary changes in every aspect of their political and economic environments. Some enterprises have responded to the challenge, entering world markets with great dynamism and becoming indistinguishable from their competitors in mature market economies. Others remain mired in their past, undergoing protracted deaths, delayed at times by their slippage into a netherworld of barter and ersatz money. Thus the revolutionary changes in transition countries have been matched by great variation in the degree to which enterprises have responded successfully to events. To assess the effectiveness of the different reform and privatization strategies, empirical research on transition countries has examined enterprise level data to ascertain whether enterprises have responded productively to changes in ownership and to other reform measures. This volume provides a general assessment of the evidence generated by these studies. In providing the assessment, it: discusses the general context of the studies; assesses the evidence on whether state-owned or privatized firms undertake more economic restructuring; studies the effects of restructuring on different types of owners; focuses on the role of managers; analyzes the effect of greater discipline in the government's reaction to enterprises in distress; examines how variations in product market competition affect enterprise restructuring; and examines the role of the institutional and legal framework. This publication will be of interest to policy makers and readers interested in gaining an overview of the current state of the evidence.

Author : Todd A. Knoop
Publisher : Routledge
Page : 330 pages
File Size : 42,5 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780415501217

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Global Finance in Emerging Market Economies by Todd A. Knoop Pdf

This title focuses on the important characteristics of financial systems in emerging market economies and their differences from those in developed countries. The book surveys both theoretical and empirical research on finance in emerging economies, as well as reviewing numerous case studies.

Author : Roy L. Crum,Itzhak Goldberg
Publisher : World Bank Publications
Page : 428 pages
File Size : 44,8 Mb
Release : 1998-01-01
Category : Business & Economics
ISBN : 0821336584

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Restructuring and Managing the Enterprise in Transition by Roy L. Crum,Itzhak Goldberg Pdf

A wide gap still exists between Western concepts and their application in the ex-socialist countries during transition. Most Western models in financial management make assumptions about the efficiency and stability of markets and the signals that can be obtained and also assume that traditional accounting information is available and can be used for management purposes. A new paradigm is needed to manage the finance function in a transition economy experiencing hyperinflation since stamdard assumptions are not valid in most ex-socialist countries. This book describes the adaptations of financial techniques as it reviews standard financial concepts and tools, adjusts them when necessary to the unique conditions in the ex-socialist enterprises, and then presents the restructuring context and some strategies that are based on the application of these tools.

Author : Mr.Timothy D. Lane,Mr.D. F. I. Folkerts-Landau,Mr.Gerard Caprio
Publisher : International Monetary Fund
Page : 372 pages
File Size : 51,9 Mb
Release : 1994-06-15
Category : Business & Economics
ISBN : 1557753806

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Building Sound Finance in Emerging Market Economies by Mr.Timothy D. Lane,Mr.D. F. I. Folkerts-Landau,Mr.Gerard Caprio Pdf

The 12 papers in this book, edited by Gerard Caprio, David Folkerts-Landau, and Timothy D. Lane, explore issues in building a financial structure suitable for economies in transition. They cover for main topics: the problem of old and new debts; the development of a sound and efficient payment system; the establishment of an appropriate financial structure; and the importance of credit in the development of the the real economy.

Author : Marcos Chamon,Jun Il Kim,Christopher W. Crowe,Atish R. Ghosh,Jonathan David Ostry
Publisher : INTERNATIONAL MONETARY FUND
Page : 29 pages
File Size : 41,6 Mb
Release : 2009-04-23
Category : Electronic
ISBN : 1462323294

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Coping with the Crisis: Policy Options for Emerging Market Countries by Marcos Chamon,Jun Il Kim,Christopher W. Crowe,Atish R. Ghosh,Jonathan David Ostry Pdf

The current financial turmoil is confronting emerging market economies (EMEs) with two shocks: a "sudden stop" of capital inflows driven by global deleveraging, and a collapse in export demand associated with the global slump. Although some EMEs were already ripe for a homegrown crisis following unsustainable credit booms or fiscal policies, and face large debt overhangs, the majority were just innocent bystanders. This note outlines policies to help solve the debt overhang and bring about recovery in both groups of countries.

Author : Grzegorz W. Kołodko
Publisher : Ashgate Publishing
Page : 302 pages
File Size : 47,9 Mb
Release : 2003
Category : Developing countries
ISBN : UCSD:31822031212855

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Emerging Market Economies by Grzegorz W. Kołodko Pdf

Emerging Market Economies: Globalization and Development is the result of a comprehensive international research project co-ordinated within the TIGER (Transformation, Integration and Globalization Economic Research). It deals with economic, social and political implications of globalization for the development of emerging market economies and is authored by a host of international scholars from the USA, Chile, Tanzania, the UK, Italy, Hungary, Poland, Romania, China and Japan. globalization on the markets for capital, goods and labour and for the growth and development in emerging markets including post-communist countries. The study includes a number of comprehensive and compatible works which deal especially with the chances for and mechanism of catching-up on these emerging markets.

Author : Masahiro Kawai,Eswar Prasad
Publisher : Brookings Institution Press
Page : 441 pages
File Size : 53,6 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780815704898

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Financial Market Regulation and Reforms in Emerging Markets by Masahiro Kawai,Eswar Prasad Pdf

"In the wake of the global financial crisis that began in 2008, offers a systematic overview of recent developments in regulatory frameworks in advanced and emerging-market countries, outlining challenges to improving regulation, markets, and access in developing economies"--Provided by publisher.

Author : Carl-Johan Lindgren,Charles Enoch,Leslie Teo
Publisher : Unknown
Page : 103 pages
File Size : 43,8 Mb
Release : 1999
Category : Business & Economics
ISBN : 1557758719

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Financial Sector Crisis and Restructuring by Carl-Johan Lindgren,Charles Enoch,Leslie Teo Pdf

An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.

Author : M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara
Publisher : World Bank Publications
Page : 403 pages
File Size : 41,6 Mb
Release : 2021-03-03
Category : Business & Economics
ISBN : 9781464815454

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Global Waves of Debt by M. Ayhan Kose,Peter Nagle,Franziska Ohnsorge,Naotaka Sugawara Pdf

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Author : José María Fanelli,Rohinton Medhora
Publisher : Springer
Page : 384 pages
File Size : 40,7 Mb
Release : 1998-11-12
Category : Business & Economics
ISBN : 9781349268719

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Financial Reform in Developing Countries by José María Fanelli,Rohinton Medhora Pdf

For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets. Focusing on the role of the institutional and enabling environment within which financial reform occurs and on the integration of principles of finance with more macroeconomic approaches to the subject, the book contains case studies of reform experiences in Argentina, India, Nigeria, Turkey and Uruguay. Themes studied include the 'go slow' versus 'big bang' approach and the particular problem of bank-firm inter-linkages in Eastern Europe.

Author : Bank for International Settlements
Publisher : Unknown
Page : 106 pages
File Size : 40,9 Mb
Release : 1997
Category : Capital market
ISBN : IND:30000050400344

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Financial Stability in Emerging Market Economies by Bank for International Settlements Pdf

Develops a concerted international strategy to promote the establishment, adoption and implementation of sound principles and practices needs for financial stability.