Author/Editor: Michael Andrews.

Release Date:January, 2005

This paper provides an overview of the possible linkages between state-owned banks, privatization, and banking sector crises. Data on privatizations in over 65 countries is used together with data more...

Author/Editor: Michael Andrews.

Release Date:November, 2003

Bonds issued by the government or government agencies are often used to finance bank restructuring following a systemic crisis. Many conflicting considerations affect the design of the bonds used to more...

Author/Editor: Mats Josefsson, Michael Andrews.

Release Date:January, 2003

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 more...