What Happens After Supervisory Intervention? Considering Bank Closure Options

Closures have been used to resolve problem banks in many countries in a wide range of economic circumstances, yet banking supervisors frequently defer intervention and closure. Avoiding the costs of disruption is the principal argument in favor of extraordinary measures, such as the use of public fu...

Full description

Bibliographic Details
Main Author: Josefsson, Mats
Other Authors: Andrews, Michael
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2003
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02659nmm a2200601 u 4500
001 EB000931900
003 EBX01000000000000000725496
005 00000000000000.0
007 cr|||||||||||||||||||||
008 150128 ||| eng
020 |a 9781451843552 
100 1 |a Josefsson, Mats 
245 0 0 |a What Happens After Supervisory Intervention? Considering Bank Closure Options  |c Mats Josefsson, Michael Andrews 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2003 
300 |a 25 pages 
651 4 |a Kyrgyz Republic 
653 |a Economic & financial crises & disasters 
653 |a Depository Institutions 
653 |a Distressed institutions 
653 |a Commercial banks 
653 |a Banks 
653 |a Finance 
653 |a Financial crises 
653 |a Banks and banking 
653 |a Industries: Financial Services 
653 |a Financial sector policy and analysis 
653 |a Bank resolution 
653 |a Systemic crises 
653 |a Financial institutions 
653 |a Bankruptcy 
653 |a Micro Finance Institutions 
653 |a Deposit insurance 
653 |a Crisis management 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Mortgages 
653 |a Banks and Banking 
653 |a Financial Institutions and Services: General 
653 |a Liquidation 
653 |a Financial services industry 
653 |a Macroeconomics 
653 |a Banking 
653 |a Financial Risk Management 
653 |a Bank solvency 
653 |a Finance: General 
653 |a Financial Crises 
700 1 |a Andrews, Michael 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781451843552.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2003/017/001.2003.issue-017-en.xml?cid=16222-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a Closures have been used to resolve problem banks in many countries in a wide range of economic circumstances, yet banking supervisors frequently defer intervention and closure. Avoiding the costs of disruption is the principal argument in favor of extraordinary measures, such as the use of public funds for recapitalization or forbearance, as alternatives to closing insolvent banks. Well-planned and implemented closure options can preserve essential functions performed by failing banks, mitigating disruption. Extraordinary measures to avoid closure should generally be avoided, but may be used in a systemic crisis to preserve some portion of a widely insolvent banking sector