Series: IMF Staff Position Notes
Author(s): Thomas Laryea
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 January 2010
Keywords: Corporate sector, Corporate governance, Debt strategy, Debt restructuring, Debt restructuring, Bankruptcy, Banking sector, Bank restructuring, Asset management, Financial crisis
This paper starts from a discussion of the economic case for moderated government intervention in debt restructuring in the nonfinancial corporate sector. It then draws on lessons from past crises to explain three...