A Practical Guide to Managing Systemic Financial Crises : A Review of Approaches Taken in Indonesia, The Republic of Korea, and Thailand
The author examines experiences in Indonesia, the Republic of Korea, and Thailand in confronting systemic financial crises during the 1990s. He draws on the knowledge and experience of World Bank staff who managed the Bank's financial and tech...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, D.C.
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/05/1798584/practical-guide-managing-systemic-financial-crises-review-approaches-taken-indonesia-republic-korea-thailand http://hdl.handle.net/10986/14797 |
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okr-10986-14797 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES AUCTIONS AUTHORITY BANK ASSETS BANK DEPOSITS BANK FAILURES BANK LIABILITIES BANK LIABILITY BANK LIQUIDITY BANK OF INDONESIA BANK OF KOREA BANK OF THAILAND BANK RECAPITALIZATION BANK SUPERVISION BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKS BUSINESS FAILURES CAPITAL CONTROLS CENTRAL BANK CENTRAL BANKS CITIZENS COMMERCIAL BANKS CONTAGION CORPORATE RESTRUCTURING DEBT DEBT RESTRUCTURING DECISION-MAKING DECREE DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSIT PROTECTION DEPOSITORS DEPOSITS DISTRESSED BANKS EQUITY CAPITAL FAILURE RESOLUTION FINANCIAL ASSETS FINANCIAL CAPACITY FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INTERMEDIARIES FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL SYSTEM FISCAL FISCAL COSTS FOREIGN BANKS FOREIGN CURRENCY DEPOSITS FOREIGN EXCHANGE FOREIGN INVESTMENT GOVERNMENT AGENCY GOVERNMENT ASSET GOVERNMENT FINANCIAL SUPPORT GUIDELINES ILLIQUIDITY INSOLVENCY INSOLVENT INSOLVENT BANKS INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL WEAKNESSES INSURED DEPOSITS INTEREST RATES LEGAL FRAMEWORK LENDER OF LAST RESORT LIQUIDATION LOBBYING MERCHANT BANKS MINISTRY OF FINANCE MORAL HAZARD MUTUAL FUNDS NATIONALIZATION NATIONALIZATION OF BANKS NATIONALIZED BANKS NONBANK INSTITUTIONS OFF BALANCE SHEET OPEN MARKET OPERATIONS POLITICAL CONSENSUS POLITICAL INTERFERENCE POLITICIANS PRIVATE BANKING PRIVATE BANKS PRIVATE SECTOR INVOLVEMENT PRIVATIZATION PROFITABILITY PUBLIC FUNDS PUBLIC SUPPORT RECAPITALIZATION REHABILITATION REPRESENTATIVES RESERVE REQUIREMENTS RISK MANAGEMENT RUNS ON BANKS SAVINGS SECURITIES SHAREHOLDERS SHORT-TERM DEBT SOLVENCY STATE AGENCY SUBORDINATED DEBT SUBSIDIARIES SUPERVISORY AUTHORITIES SUPERVISORY REGIMES TECHNICAL ASSISTANCE WORKING CAPITAL FINANCIAL CRISES LIQUIDITY LIQUIDITY CONTROLS RISK MANAGEMENT INSTITUTIONAL CAPACITY PUBLIC EXPENDITURES PROBLEM IDENTIFICATION RECAPITALIZATION BANK RESTRUCTURING PRIVATIZATION OF PUBLIC ENTERPRISES BANKING SYSTEMS DEBT RESTRUCTURING RESOURCES MANAGEMENT CRISIS MANAGEMENT CONTINGENCY PLANS NATIONALIZATION CONSERVATORSHIPS SUSPENSION RISK ASSESSMENT BANK INSOLVENCY BANK ACQUISITIONS CAPITAL FLOWS RESOLUTION |
| spellingShingle |
ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES AUCTIONS AUTHORITY BANK ASSETS BANK DEPOSITS BANK FAILURES BANK LIABILITIES BANK LIABILITY BANK LIQUIDITY BANK OF INDONESIA BANK OF KOREA BANK OF THAILAND BANK RECAPITALIZATION BANK SUPERVISION BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKS BUSINESS FAILURES CAPITAL CONTROLS CENTRAL BANK CENTRAL BANKS CITIZENS COMMERCIAL BANKS CONTAGION CORPORATE RESTRUCTURING DEBT DEBT RESTRUCTURING DECISION-MAKING DECREE DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSIT PROTECTION DEPOSITORS DEPOSITS DISTRESSED BANKS EQUITY CAPITAL FAILURE RESOLUTION FINANCIAL ASSETS FINANCIAL CAPACITY FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INTERMEDIARIES FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL SYSTEM FISCAL FISCAL COSTS FOREIGN BANKS FOREIGN CURRENCY DEPOSITS FOREIGN EXCHANGE FOREIGN INVESTMENT GOVERNMENT AGENCY GOVERNMENT ASSET GOVERNMENT FINANCIAL SUPPORT GUIDELINES ILLIQUIDITY INSOLVENCY INSOLVENT INSOLVENT BANKS INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL WEAKNESSES INSURED DEPOSITS INTEREST RATES LEGAL FRAMEWORK LENDER OF LAST RESORT LIQUIDATION LOBBYING MERCHANT BANKS MINISTRY OF FINANCE MORAL HAZARD MUTUAL FUNDS NATIONALIZATION NATIONALIZATION OF BANKS NATIONALIZED BANKS NONBANK INSTITUTIONS OFF BALANCE SHEET OPEN MARKET OPERATIONS POLITICAL CONSENSUS POLITICAL INTERFERENCE POLITICIANS PRIVATE BANKING PRIVATE BANKS PRIVATE SECTOR INVOLVEMENT PRIVATIZATION PROFITABILITY PUBLIC FUNDS PUBLIC SUPPORT RECAPITALIZATION REHABILITATION REPRESENTATIVES RESERVE REQUIREMENTS RISK MANAGEMENT RUNS ON BANKS SAVINGS SECURITIES SHAREHOLDERS SHORT-TERM DEBT SOLVENCY STATE AGENCY SUBORDINATED DEBT SUBSIDIARIES SUPERVISORY AUTHORITIES SUPERVISORY REGIMES TECHNICAL ASSISTANCE WORKING CAPITAL FINANCIAL CRISES LIQUIDITY LIQUIDITY CONTROLS RISK MANAGEMENT INSTITUTIONAL CAPACITY PUBLIC EXPENDITURES PROBLEM IDENTIFICATION RECAPITALIZATION BANK RESTRUCTURING PRIVATIZATION OF PUBLIC ENTERPRISES BANKING SYSTEMS DEBT RESTRUCTURING RESOURCES MANAGEMENT CRISIS MANAGEMENT CONTINGENCY PLANS NATIONALIZATION CONSERVATORSHIPS SUSPENSION RISK ASSESSMENT BANK INSOLVENCY BANK ACQUISITIONS CAPITAL FLOWS RESOLUTION Scott, David A Practical Guide to Managing Systemic Financial Crises : A Review of Approaches Taken in Indonesia, The Republic of Korea, and Thailand |
| geographic_facet |
East Asia and Pacific |
| relation |
Policy Research Working Paper;No.2843 |
| description |
The author examines experiences in
Indonesia, the Republic of Korea, and Thailand in
confronting systemic financial crises during the 1990s. He
draws on the knowledge and experience of World Bank staff
who managed the Bank's financial and technical
assistance to those countries. In reviewing the principal
actions taken by the governments to resolve the crises, the
author describes key challenges that governments face in
tackling crises, defines basic guidelines and principles for
responding to those challenges, and proposes steps to
improve the ability of governments to deal with crises when
they do occur, as well as to mitigate the risk of crises in
the first place. The author addresses matters such as the
provision of liquidity, institutional arrangements for
crisis resolution, use of public funds, diagnosis of
problems, resolution, recapitalization, restructuring of
banks, privatization of banks, restructuring of troubled
debt, and use of asset management companies. He goes on to
develop the conceptual underpinnings for two fundamental
improvements in crisis management practices, one to develop
an explicit, comprehensive crisis resolution strategy, and
the second to link the provision of support to banks
explicitly to the actual outcomes of troubled debt
restructuring. A common theme in both is to maximize the
impact of public funds used in crisis resolution. Finally
the author identifies steps that governments can take to
mitigate the risk of crisis and be better prepared to deal
with shocks should they occur, including the use of
contingency planning in the context of liquidity management
and intervention in weak banks. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Scott, David |
| author_facet |
Scott, David |
| author_sort |
Scott, David |
| title |
A Practical Guide to Managing Systemic Financial Crises : A Review of Approaches Taken in Indonesia, The Republic of Korea, and Thailand |
| title_short |
A Practical Guide to Managing Systemic Financial Crises : A Review of Approaches Taken in Indonesia, The Republic of Korea, and Thailand |
| title_full |
A Practical Guide to Managing Systemic Financial Crises : A Review of Approaches Taken in Indonesia, The Republic of Korea, and Thailand |
| title_fullStr |
A Practical Guide to Managing Systemic Financial Crises : A Review of Approaches Taken in Indonesia, The Republic of Korea, and Thailand |
| title_full_unstemmed |
A Practical Guide to Managing Systemic Financial Crises : A Review of Approaches Taken in Indonesia, The Republic of Korea, and Thailand |
| title_sort |
practical guide to managing systemic financial crises : a review of approaches taken in indonesia, the republic of korea, and thailand |
| publisher |
World Bank, Washington, D.C. |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/05/1798584/practical-guide-managing-systemic-financial-crises-review-approaches-taken-indonesia-republic-korea-thailand http://hdl.handle.net/10986/14797 |
| _version_ |
1764429969199464448 |
| spelling |
okr-10986-147972021-04-23T14:03:20Z A Practical Guide to Managing Systemic Financial Crises : A Review of Approaches Taken in Indonesia, The Republic of Korea, and Thailand Scott, David ACCOUNTING ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES AUCTIONS AUTHORITY BANK ASSETS BANK DEPOSITS BANK FAILURES BANK LIABILITIES BANK LIABILITY BANK LIQUIDITY BANK OF INDONESIA BANK OF KOREA BANK OF THAILAND BANK RECAPITALIZATION BANK SUPERVISION BANKING SECTOR BANKING SYSTEM BANKRUPTCY BANKS BUSINESS FAILURES CAPITAL CONTROLS CENTRAL BANK CENTRAL BANKS CITIZENS COMMERCIAL BANKS CONTAGION CORPORATE RESTRUCTURING DEBT DEBT RESTRUCTURING DECISION-MAKING DECREE DEPOSIT ACCOUNTS DEPOSIT INSURANCE DEPOSIT PROTECTION DEPOSITORS DEPOSITS DISTRESSED BANKS EQUITY CAPITAL FAILURE RESOLUTION FINANCIAL ASSETS FINANCIAL CAPACITY FINANCIAL CRISIS FINANCIAL INSTITUTION FINANCIAL INTERMEDIARIES FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL SYSTEM FISCAL FISCAL COSTS FOREIGN BANKS FOREIGN CURRENCY DEPOSITS FOREIGN EXCHANGE FOREIGN INVESTMENT GOVERNMENT AGENCY GOVERNMENT ASSET GOVERNMENT FINANCIAL SUPPORT GUIDELINES ILLIQUIDITY INSOLVENCY INSOLVENT INSOLVENT BANKS INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CAPACITY INSTITUTIONAL WEAKNESSES INSURED DEPOSITS INTEREST RATES LEGAL FRAMEWORK LENDER OF LAST RESORT LIQUIDATION LOBBYING MERCHANT BANKS MINISTRY OF FINANCE MORAL HAZARD MUTUAL FUNDS NATIONALIZATION NATIONALIZATION OF BANKS NATIONALIZED BANKS NONBANK INSTITUTIONS OFF BALANCE SHEET OPEN MARKET OPERATIONS POLITICAL CONSENSUS POLITICAL INTERFERENCE POLITICIANS PRIVATE BANKING PRIVATE BANKS PRIVATE SECTOR INVOLVEMENT PRIVATIZATION PROFITABILITY PUBLIC FUNDS PUBLIC SUPPORT RECAPITALIZATION REHABILITATION REPRESENTATIVES RESERVE REQUIREMENTS RISK MANAGEMENT RUNS ON BANKS SAVINGS SECURITIES SHAREHOLDERS SHORT-TERM DEBT SOLVENCY STATE AGENCY SUBORDINATED DEBT SUBSIDIARIES SUPERVISORY AUTHORITIES SUPERVISORY REGIMES TECHNICAL ASSISTANCE WORKING CAPITAL FINANCIAL CRISES LIQUIDITY LIQUIDITY CONTROLS RISK MANAGEMENT INSTITUTIONAL CAPACITY PUBLIC EXPENDITURES PROBLEM IDENTIFICATION RECAPITALIZATION BANK RESTRUCTURING PRIVATIZATION OF PUBLIC ENTERPRISES BANKING SYSTEMS DEBT RESTRUCTURING RESOURCES MANAGEMENT CRISIS MANAGEMENT CONTINGENCY PLANS NATIONALIZATION CONSERVATORSHIPS SUSPENSION RISK ASSESSMENT BANK INSOLVENCY BANK ACQUISITIONS CAPITAL FLOWS RESOLUTION The author examines experiences in Indonesia, the Republic of Korea, and Thailand in confronting systemic financial crises during the 1990s. He draws on the knowledge and experience of World Bank staff who managed the Bank's financial and technical assistance to those countries. In reviewing the principal actions taken by the governments to resolve the crises, the author describes key challenges that governments face in tackling crises, defines basic guidelines and principles for responding to those challenges, and proposes steps to improve the ability of governments to deal with crises when they do occur, as well as to mitigate the risk of crises in the first place. The author addresses matters such as the provision of liquidity, institutional arrangements for crisis resolution, use of public funds, diagnosis of problems, resolution, recapitalization, restructuring of banks, privatization of banks, restructuring of troubled debt, and use of asset management companies. He goes on to develop the conceptual underpinnings for two fundamental improvements in crisis management practices, one to develop an explicit, comprehensive crisis resolution strategy, and the second to link the provision of support to banks explicitly to the actual outcomes of troubled debt restructuring. A common theme in both is to maximize the impact of public funds used in crisis resolution. Finally the author identifies steps that governments can take to mitigate the risk of crisis and be better prepared to deal with shocks should they occur, including the use of contingency planning in the context of liquidity management and intervention in weak banks. 2013-08-05T17:17:06Z 2013-08-05T17:17:06Z 2002-05 http://documents.worldbank.org/curated/en/2002/05/1798584/practical-guide-managing-systemic-financial-crises-review-approaches-taken-indonesia-republic-korea-thailand http://hdl.handle.net/10986/14797 English en_US Policy Research Working Paper;No.2843 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, D.C. Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific |