Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/211972 
Authors: 
Year of Publication: 
2004
Series/Report no.: 
Bank of Finland Discussion Papers No. 4/2004
Publisher: 
Bank of Finland, Helsinki
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.
Subjects: 
insolvency
banks
transition
emerging economies
JEL: 
K23
G21
O16
G28
Persistent Identifier of the first edition: 
ISBN: 
952-462-120-7
Document Type: 
Working Paper

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