Bank Failures And Bank Insolvency Law In Economies In Transition
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Bank Failures And Bank Insolvency Law In Economies In Transition
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Author : Rosa Lastra
language : en
Publisher: Springer
Release Date : 1999-04-26
Bank Failures And Bank Insolvency Law In Economies In Transition written by Rosa Lastra and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-04-26 with Law categories.
This book explores the legal issues inherent in resolving troubled banking sectors in transitional economies. Bank failures are a recurrent phenomenon in both developed and developing countries, as shown by the crises in the last ten years in the USA, Japan, Scandinavian countries, the Baltic countries, Bulgaria, South East Asia and Latin America. Banks in transitional economies face additional challenges as they become intermediaries in lending the public's savings, rather than mere conduits for the central financing plan. They have to ensure repayment of loans when they no longer receive subsidies to compensate their losses to the same degree as before. As a result of these challenges, almost all these countries have suffered numerous bank failures in the past eight years, with negative consequences for bank owners, managers, depositors and other creditors. The absence, in many situations, of appropriate crisis management procedures and bank insolvency laws hinders the success or pace of the transition process. This book is the result of a research seminar organised by the Centre for Commercial Law Studies, Queen Mary and Westfield College, University of London, and the Office of the General Counsel of the European Bank for Reconstruction and Development (EBRD). The authors include distinguished US and European professors of banking law, government policymakers, prominent lawyers and economists from the European Union, the EBRD and the International Monetary Fund, and senior industry executives from law firms and financial institutions.
Bank Insolvency Law In Developing Economies
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Author : Kayode Akintola
language : en
Publisher: Taylor & Francis
Release Date : 2022-12-30
Bank Insolvency Law In Developing Economies written by Kayode Akintola and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-30 with Law categories.
The subject of bank stability has been under a great amount of political and legislative scrutiny since the mid-2007 to late-2009 global financial crisis. However, these efforts have centred on developed economies. Little coverage is given to strategies adopted by many developing economies. While there is a global discourse on the subject of insolvency generally, there is ample scope to contribute to the growing body of work on the narrow subject of bank insolvencies. This book provides a unique perspective on an emerging theme in at least two respects. First is the focus on selected developing economies and selected developed economies in the EMEA region alongside cross-border developments, with the objective of deciphering the regulatory approach to bank insolvencies. The second is the analytical consideration of methods that may be implemented to preclude or resolve bank insolvencies in developing economies. This book explores the nexus between developing economies and their banking institutions. Developing economies are acutely dependent on their banks for the functioning of their cash-based economies. Recent events, however, suggest a weakness in the long-term viability of some of their banks and a mixed-bag regulatory approach to redress this weakness. This book evaluates the effectiveness of regulatory frameworks in selected developing economies that are designed to prevent or resolve the insolvency of banks. At a time of global economic uncertainty, this book will prove to be a valuable resource to the discourse on the viability of banks, businesses, and economies in developing States.
Insolvency Systems In Asia An Efficiency Perspective
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2001-03-07
Insolvency Systems In Asia An Efficiency Perspective written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-03-07 with categories.
This volume brings together a comparative report and studies of the insolvency systems of Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand.
The Economics Of Bank Bankruptcy Law
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Author : Matej Marinč
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-09-18
The Economics Of Bank Bankruptcy Law written by Matej Marinč and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-09-18 with Business & Economics categories.
This book shows that a special bank bankruptcy regime is desirable for the efficient restructuring and/or liquidation of distressed banks. It explores in detail both the principal features of corporate bankruptcy law and the specific characteristics of banks including the importance of public confidence, negative externalities of bank failures, fragmented regulatory framework, bank opaqueness, and the related asset-substitution problem and liquidity provision. These features distinguish banks from other corporations and are largely neglected in corporate bankruptcy law. The authors, an assistant professor for money and finance and a research economist at the Dutch Central Bank, propose changes in both prudential regulation and reorganization policies that should allow regulators and banking authorities to better mitigate disruptions in the financial system and minimize the social costs of bank failures. Their recommendations are complemented by a discussion of bank failures from the 2007–2009 financial crisis.
Preventing Financial Chaos An International Guide To Legal Rules And Operational Procedures For Handling Insolvent Banks
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Author : Robert L. Ramsey
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2000-07-04
Preventing Financial Chaos An International Guide To Legal Rules And Operational Procedures For Handling Insolvent Banks written by Robert L. Ramsey and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-07-04 with Law categories.
There is a fundamental reason, the authors of this book contend, why national financial systems falter and collapse: the failure of central banks and other supervisory authorities to deal promptly and decisively with insolvent banks. In Preventing Financial Chaos, Ramsey and Head, both well-known to the international banking community for their restructuring services in developing and transitional economies, take a no-nonsense attitude and show exactly how to usher a problem bank out of the financial system in any country. Their clearly defined rules and procedures build disciplined, competent action that activates political will and successfully curtails systemic chaos. With this nuts-and-bolts guide, policymakers, legislators, central bank officials, and representatives of international financial institutions will be able to achieve the following: recognize, monitor and resolve bank failures; conduct timely and orderly closing of problem banks; and develop national legislation to prevent the spread of bank insolvency. The authors' firmly-held convictions about which choices should be made and why is sure to launch an important debate among lawyers, bankers and academics--a debate which will inevitably focus much-needed attention on one of the most urgent problems in today's interdependent world economic order.
Insolvency Systems In Asia
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Author :
language : en
Publisher: OECD
Release Date : 2001
Insolvency Systems In Asia written by and has been published by OECD this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
This volume brings together a comparative report and studies of the insolvency systems of Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand.
Preventing Bank Crises
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Author : Gerard Caprio
language : en
Publisher: World Bank Publications
Release Date : 1998
Preventing Bank Crises written by Gerard Caprio and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Trata de como prevenir a crise nos bancos, estudando vários casos de bancos que quebraram no mundo.
Resolving Bank Failures And Institutions Is There A Link Some Empirical Evidence
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Author : Marlon Rawlins
language : en
Publisher: International Monetary Fund
Release Date : 2021-08-06
Resolving Bank Failures And Institutions Is There A Link Some Empirical Evidence written by Marlon Rawlins and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-06 with Business & Economics categories.
Policymakers across countries have been seeking to strengthen the institutional framework to control fiscal costs and feedback effects to the real economy generated by bank failures. On a cross-section of countries, we find evidence that suggests that bank supervisors’ intervention in bank failures may be positively associated with some aspects of the administrative and regulatory framework. Our results appear to hold also during times of financial instability. Finally, we find some evidence that the same institutional features may be associated with lower fiscal outlays during banking crises.
Insolvency Systems In Asia An Efficiency Perspective
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2001-03-07
Insolvency Systems In Asia An Efficiency Perspective written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-03-07 with categories.
This volume brings together a comparative report and studies of the insolvency systems of Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand.
Systemic Financial Crises
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Author : Douglas Darrell Evanoff
language : en
Publisher: World Scientific
Release Date : 2005
Systemic Financial Crises written by Douglas Darrell Evanoff and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Bank failures, like illness and taxes, are almost a certainty at some time in the future. What is less certain is their cost to and adverse implications for macroeconomies. Past failures have frequently been resolved at very high cost to society. However, the cost could be reduced through having a well-developed, credible and widely publicized plan ready to put into action by policymakers. If no such plan is ready when a large bank approaches insolvency, political pressures are likely to influence the response of regulators.Minimizing immediate, short-run costs are likely to outweigh minimizing further out, longer-run and longer-lasting costs, even if these delayed costs promise to be substantially greater. Stated differently, today will win out over tomorrow and politics will trump economics. How best to prevent such unfavorable outcomes is the major theme of this volume. The articles presented review past insolvency resolutions, draw lessons from these resolutions, discuss impediments to efficient resolutions ? including cross-country, cross-regulator, and institutional challenges ? and recommend how to move forward.