Large-Scale Post-Crisis Corporate Sector Restructuring

This article summarizes the objectives, tasks, and modalities of large scale, post crisis corporate restructuring with a view to organize the policy choices and drawing some general conclusions. This article suggests that government-led restructuring efforts should integrate corporate and bank restructuring in a holistic and transparent strategy based on clearly defined objectives and including sunset provisions. The successful completion of restructuring requires that the government take a leading role to establish restructuring priorities, address market failures, reform the legal and tax system and also deal with obstructions posed by powerful interest groups.

Provided by: International Monetary Fund Topic: Date Added: Jul 2000 Format: PDF

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