01778cas a2200241 a 4500 AALejournalIMF002635 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451973662 1934-7456 BD-DhAAL BD-DhAAL Andrews, Michael. Issuing Government Bonds to Finance Bank Recapitalization and Restructuring : Design Factors that Affect Banks' Financial Performance / Michael Andrews. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (31 pages) IMF Policy Discussion 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 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 pay for public sector investment in bank equity or the purchase of distressed assets from banks. Some bond features can leave restructured banks facing significant risks, laying the foundation for future banking sector problems. Sovereign default makes publicly financed bank restructuring more difficult, but it is still possible to carry out if banks receive sufficient interest income to provide a margin over their cost of funds. Mode of access: Internet IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2003/004 Full text available on IMF http://elibrary.imf.org/view/journals/003/2003/004/003.2003.issue-004-en.xml IMF e-Library