Approaches to Corporate Debt Restructuring in the Wake of Financial Crises
Author | : Thomas Laryea |
Publisher | : INTERNATIONAL MONETARY FUND |
Total Pages | : 32 |
Release | : 2010-01-26 |
ISBN-10 | : 1462384846 |
ISBN-13 | : 9781462384846 |
Rating | : 4/5 (46 Downloads) |
Download or read book Approaches to Corporate Debt Restructuring in the Wake of Financial Crises written by Thomas Laryea and published by INTERNATIONAL MONETARY FUND. This book was released on 2010-01-26 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 broad approaches that have been applied to corporate debt restructurings in the aftermath of a crisis. From there, it addresses challenges in designing and implementing a comprehensive debt restructuring strategy and draws together some key principles.