01793cas a2200253 a 4500 AALejournalIMF008351 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843552 1018-5941 BD-DhAAL BD-DhAAL Josefsson, Mats. What Happens After Supervisory Intervention? : Considering Bank Closure Options / Mats Josefsson, Michael Andrews. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (25 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 Closures have been used to resolve problem banks in many countries in a wide range of economic circumstances, yet banking supervisors frequently defer intervention and closure. Avoiding the costs of disruption is the principal argument in favor of extraordinary measures, such as the use of public funds for recapitalization or forbearance, as alternatives to closing insolvent banks. Well-planned and implemented closure options can preserve essential functions performed by failing banks, mitigating disruption. Extraordinary measures to avoid closure should generally be avoided, but may be used in a systemic crisis to preserve some portion of a widely insolvent banking sector. Mode of access: Internet Andrews, Michael. IMF Working Papers; Working Paper ; No. 2003/017 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/017/001.2003.issue-017-en.xml IMF e-Library