01718cas a2200241 a 4500 AALejournalIMF007680 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451845174 1018-5941 BD-DhAAL BD-DhAAL Woo, David. Two Approaches to Resolving Nonperforming Assets During Financial Crises / David Woo. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (41 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 The unprecedented rise in nonperforming assets during the recent Asian financial crisis severely tested the limit and capacity of the existing asset management infrastructure, leading policymakers to consider new approaches to resolve them. This paper examines two such approaches-the creation of asset management companies and the development of out-of-court centralized corporate debt workout frameworks-that came to define the core asset management setting in countries most seriously affected by the crisis. In addition to investigating their respective role, and evaluating their strengths and weaknesses, this paper seeks to benchmark some best practices in their design. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/033 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/033/001.2000.issue-033-en.xml IMF e-Library