Resolving systemic banking and corporate distress is not easy. The large scale of the East Asian financial crisis has made the task even more daunting in Indonesia, the Republic of Korea, Malaysia, and Thailand. Two years into the process, bank and corporate restructuring was still a work in progress. Governments should act to accelerate it. Besides adopting common policy prescriptions improving financial regulation, corporate governance, and bankruptcy...
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INFORMATION
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1999/11/30
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Point de vue
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19931
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1
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1
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2018/01/04
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Disclosed
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How to accelerate corporate and financial sector restructuring in East Asia
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systemic banking and corporate distress