English, Article, Journal or magazine article edition: The Polish experience with bank and enterprise restructuring Montes-Negret, Fernando; Papi, Luca

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/166126
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • The Polish experience with bank and enterprise restructuring
Author
  • Montes-Negret, Fernando
  • Papi, Luca
Physical Description
  • preprint
Notes
  • Among transitional economies, Poland was a pioneer in bank and enterprise restructuring, tackling it through innovative pro tempore legislation which linked bank recapitalization to improvements in the bank's operating systems, aiming at increasing efficiency and loan recovery. The approach encouraged banks to play a central role in enterprise restructuring. In this paper, the authors critically and comprehensively analyze the Polish approach, presenting and discussing its pros and cons, describing the program's implementation, and providing a preliminary evaluation of the results. One result is that the banking sector now resembles that of a modern market economy in its structure, efficiency, and profitability; sector competition is increasing; interest rates are declining; and the menu of financial services is growing. It is not yet clear whether enterprises have been put on a permanently healthy and viable path, although some positive results noted are linked to the central role of banks in enterprise governance, such as maintaining incentives to avoid unloading debt onto the government, resolving conflicts between creditors without triggering unnecessary liquidations, and avoiding excessive use of bankruptcy procedures. The general lesson is that bank recapitalizations have to be accompanied by additional restructuring measures to resuscitate the banking sector, which may serve as the engine to successfully drive enterprise restructuring.
  • Banks&​Banking Reform,Municipal Financial Management,Financial Crisis Management&​Restructuring,Payment Systems&​Infrastructure,Financial Intermediation,Banks&​Banking Reform,Financial Crisis Management&​Restructuring,Financial Intermediation,Municipal Financial Management,Strategic Debt Management
  • RePEc:wbk:wbrwps:1705
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment