Large-Scale Post-Crisis Corporate Sector Restructuring

This paper summarizes the objectives, tasks, and modalities of large-scale, post-crisis corporate restructuring based on nine recent episodes with a view to organizing the policy choices and drawing some general conclusions. These episodes suggest that government-led restructuring efforts should integrate corporate and bank restructuring in a holistic and transparent strategy based on clearly defined objective and including sunset provisions.Corporate sector;recapitalization, debt restructuring, financial restructuring, asset management, banking, bank restructuring, bank recapitalization, financial crises, financial crisis, banking crises, bank capital, banking crisis, systemic bank restructuring, bank privatization, bank crisis, crisis episodes, macroeconomic stability, systemic financial crises, systemic crisis, crisis countries, bank of thailand, bankruptcies, deposit insurance, systemic financial crisis, banking sector, reprivatization, bank supervision, capital account liberalization, resource allocation, bank of international settlements, debt servicing, bank subsidies, financial incentives, working capital, asset management company, bankruptcy law, economic crisis, bank claims, banking system, bankruptcy procedure, legal systems, crisis episode, bank subsidiaries, recession, pre-crisis, asset management companies, asian financial crisis, financial information, bankruptcy ? law, bank financing, bank of england, asian crisis, shareholder equity, bank credit, cross-country experience, bank debt, bank negara malaysia, severe recession