Corporate Sector Restructuring: The Role of Government in Times of Crisis

Examines the steps involved in restructuring the corporate sector. Large-scale corporate restructuring made necessary by a financial crisis is one of the most daunting challenges faced by economic policymakers. The government is forced to take a leading role, even if indirectly, because of the need to prioritize policy goals, address market failures, reform the legal and tax systems, and deal with the resistance of powerful interest groups.
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Volume/Issue: Volume 2002 Issue 004
Publication date: August 2002
ISBN: 9781589060951
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Topics covered in this book

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Business and Economics , Banks and Banking , Public Finance , EI , bank , debt , firm , recapitalization , bank resolution cost , debt-equity conversion , bank-restructuring agency , nonviable bank , bank reform , bank capital , bank privatization , Business enterprises , Debt restructuring , Asset management , Government asset management , Creditor bail-in , East Asia

Summary

Examines the steps involved in restructuring the corporate sector. Large-scale corporate restructuring made necessary by a financial crisis is one of the most daunting challenges faced by economic policymakers. The government is forced to take a leading role, even if indirectly, because of the need to prioritize policy goals, address market failures, reform the legal and tax systems, and deal with the resistance of powerful interest groups.