01785cas a2200241 a 4500 AALejournalIMF000343 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847215 1018-5941 BD-DhAAL BD-DhAAL Daniel, James. Fiscal Aspects of Bank Restructuring / James Daniel. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Governments frequently assist troubled banks. This paper examines the fiscal aspects of such assistance: rationale, design criteria, methods, and macroeconomic implications. It concludes that (1) banks should be assisted only when there is a clear systemic risk; (2) assistance should be tied to a comprehensive restructuring program, minimize fiscal cost, be equitable and transparent, prevent recurrence, and facilitate a sound macroeconomic environment; (3) debt-based assistance will worsen public sector debt sustainability and will probably increase aggregate demand; and (4) assistance may require a substantial fiscal response (especially given the possible need for a looser monetary stance), which should feed iteratively into the choice of restructuring strategy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1997/052 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/052/001.1997.issue-052-en.xml IMF e-Library