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Recapitalizing Banks with Public Funds: Selected Issues

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  • International Monetary Fund

Abstract

Recapitalizing banks in a systemic crisis is a complex medium-term process that requires significant government intervention and careful management at both the strategic and individual bank levels. This paper highlights the range of operational and strategic issues to be addressed and the institutional arrangements needed to foster an effective banking system restructuring and maximize the returns on government investment. The approaches to recapitalization have varied, with countries choosing different mixes of direct capital injections and asset purchase and rehabilitation. The choice of an appropriate mix is critical, to minimize the expected present value of government outlays net of recoveries.

Suggested Citation

  • International Monetary Fund, 1999. "Recapitalizing Banks with Public Funds: Selected Issues," IMF Working Papers 1999/139, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1999/139
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    Citations

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    Cited by:

    1. Gary Gorton & Lixin Huang, 2004. "Liquidity, Efficiency, and Bank Bailouts," American Economic Review, American Economic Association, vol. 94(3), pages 455-483, June.
    2. Guillermo Rosas, 2006. "Bagehot or Bailout? An Analysis of Government Responses to Banking Crises," American Journal of Political Science, John Wiley & Sons, vol. 50(1), pages 175-191, January.
    3. Jan Cimburek & Miroslav Kollár & Lubos Komárek & Pavel Rezábek, 2009. "Resolving Nonperforming Assets in the Czech Republic: Theory and Practice," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 7(3), pages 21-28, October.
    4. Miroslav Kollár & Luboš Komárek, 2009. "Možnosti řešení problematických aktiv komerčních bank [Selective Approaches and Experiences with Problematic Assets in Banking Sector]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(5), pages 601-621.
    5. Mr. Mats A Josefsson & Mr. Michael Andrews, 2003. "What Happens After Supervisory Intervention? Considering Bank Closure Options," IMF Working Papers 2003/017, International Monetary Fund.

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