An approach to bank insolvency in transition and emerging economies

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dc.contributor Suomen Pankki
dc.contributor.author Mayes, David G.
dc.date.accessioned 2014-09-22T07:58:12Z
dc.date.available 2014-09-22T07:58:12Z
dc.date.issued 2004
dc.identifier.isbn 952-462-120-7
dc.identifier.issn 0785-3572
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/7541
dc.description.abstract In the light of the inequity of the way losses from bank insolvencies and their avoidance through intervention by the authorities have been distributed over creditors, depositors, owners and the population at large in transition and emerging economies, this paper explores a number of regulatory reforms that would alter the balance between seeking to avoid insolvency and lowering the costs of insolvency should it occur.In particular it considers whether a lex specialis for dealing with banks that are in trouble through prompt corrective action and if necessary resolving them if their net worth falls to zero, at little or no cost to the taxpayer can be applied in the institutional framework of transition and emerging economies. Key words: insolvency, banks, transition, emerging economies JEL classification numbers: K23, G21, O16, G28, E53
dc.format.extent 54 s.
dc.language.iso eng
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject pankkitoiminta
dc.subject vakavaraisuus
dc.subject siirtymätaloudet
dc.subject kehittyvät markkinat
dc.subject avoimuus
dc.subject instituutiot
dc.subject lainsäädäntö
dc.subject moral hazard
dc.subject SP
dc.subject Bofit-kokoelma
dc.title An approach to bank insolvency in transition and emerging economies
dc.type Sarjajulkaisu
dc.identifier.urn URN:NBN:fi:bof-20140807124
dc.subject.jel K23
dc.subject.jel G21
dc.subject.jel O16
dc.subject.jel G28
dc.series.name Suomen Pankin keskustelualoitteita
dc.series.year 2004
dc.series.number 4/2004
dc.series.sortingnumber 4
dc.date.publication 9.2.2004
dc.description.publication Published in Journal of Banking and Finance, Vol. 29, No. 1 (Special Issue), January 2005: 161-181

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