An approach to bank insolvency in transition and emerging economies

Arbeitspapier

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.

Object Details

• ISBN: 952-462-120-7
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Bank of Finland Discussion Papers ; No. 4/2004

Classification and Topics

• Classification: Wirtschaft ; Regulated Industries and Administrative Law ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance ; Financial Institutions and Services: Government Policy and Regulation
• Subject: insolvency ; banks ; transition ; emerging economies

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Mayes, David G.
• Event: Veröffentlichung
• (who): Bank of Finland
• (where): Helsinki
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/211972
• Last update: 10.03.2025, 11:41 AM CET