Economic Issues

Corporate Sector Restructuring: The Role of Government in Times of Crisis

Author/Editor:

Mark R. Stone

Publication Date:

August 19, 2002

Electronic Access:

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Summary:

Examines the steps involved in restructuring the corporate sector. Large-scale corporate restructuring made necessary by a financial crisis is one of the most daunting challenges faced by economic policymakers. The government is forced to take a leading role, even if indirectly, because of the need to prioritize policy goals, address market failures, reform the legal and tax systems, and deal with the resistance of powerful interest groups.

Series:

Economic Issues No. 2002/004

Subject:

Asset and liability management Asset management Banking Business enterprises Creditor bail-in Debt restructuring Economic sectors Financial crises Government asset management Public financial management (PFM)