by World Bank, Policy Research Dept., Finance and Private Sector Development Division in Washington, DC .
Written in English
|Statement||by Cheryl W. Gray and Arnold Holle.|
|Series||Policy research working paper ;, 1650, Policy research working papers ;, 1650.|
|Contributions||Holle, Arnold., World Bank. Policy Research Dept. Finance and Private Sector Development Division.|
|LC Classifications||HG3881.5.W57 P63 no. 1650|
|The Physical Object|
|Pagination||36 p. :|
|Number of Pages||36|
|LC Control Number||97134012|
Bank-led restructuring in Poland: bankruptcy and its alternatives (English) Abstract. Poland's Enterprise and Bank Restructuring Program, adopted by Parliament in , provided for the resolution of problem loans through workouts, liquidation, or loan by: Additional Physical Format: Online version: Gray, Cheryl Williamson, Bank-led restructuring in Poland. Washington, DC: World Bank, Policy Research Dept., . Bank-Led Restructuring Poland has neglected in Poland traditional ecxit" (ro'-esses fojr problem debtc> plrtly because of 'ts ermphasis on Bankruptcy and Its Alternatives bank conciliatio n Now that bank conciliatit r hos expired as an option, PRand should Cheryl W. Gray shift its ener-gie, to improving Arnold Holle corporate govcrriarce. Downloadable! Poland's Enterprise and Bank Restructuring Programme (EBRP) provided for the resolution of problem loans through bank‐led or court‐led workouts, liquidation, or loan sales. This paper examines the workings of three traditional exit processes ‐ court‐led conciliation, bankruptcy, and state enterprise liquidation.
Bank-led restructuring in Poland Gray, Cheryl, Sabine Schlorke and Mikl6s Szanyi (), 'Hungary's Bankruptcy Experience, ', World Bank Economic Review, forthcoming. Downloadable! Poland's Enterprise and Bank Restructuring Program, adopted by Parliament in , provided for the resolution of problem loans through workouts, liquidation, or loan sales. In this report, the authors examine how formal"exit"processes (the movement of labor and assets out of one organization into another or into unemployment) work in Poland. In , 43% of episodes (17 cases) were led by the main bank, but only 21% (7 cases) in Of the bank-led restructuring events, in , in 71% of episodes (12 cases) operating profits turned positive for two consecutive years within five years of the onset of restructuring, while this ratio was only 43% (3 cases) in Cited by: 3. Gray C.W. and A. Holle (b), ‘Bank-led Restructuring in Poland: Bankruptcy and Its Alternatives’, Working Paper , World Bank, Washington, D.C. Google Scholar Mayer C. and X. Vives (), ‘Capital Markets and Financial Cited by:
The Decline in Bank-led Corporate Restructuring in Japan: Takeo Hoshi （ Stanford University） Satoshi Koibuchi (Chuo University) Ulrike Schaede (UCSD) Febru Bank-led Corporate Restructuring 1 Presentation at Japan Economic Seminar, CJEB, Columbia University, Febru The Decline in Bank-Led Corporate Restructuring in Japan: by Takeo Hoshi, Satoshi Koibuchi and Ulrike Schaede Patrick Bolton. Columbia University. Japan Economic Seminar -- Columbia -- February 16 Summary restructuring through a . Among transitional economies, Poland was a pioneer in bank and enterprise restructuring. Poland tackled enterprise and bank restructuring through innovative pro tempore legislation which linked bank recapitalization to improvements in the banks' operating systems aiming at increasing efficiency and loan recovery. Enterprise restructuring and adjustment in the transition to market economy: lessons from the experience of Central and Eastern Europe Rumen Dobrinsky Pages: