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Management and resolution of banking crises logo The report examines, and compares the strategies, and policies implemented in Korea, and Mexico to manage, and resolve their banking crises. It identifies: systemic risks contained in each of them; the establishment of an overall crisis resolution unit; the recognition of losses, and reduction of bad assets; the re-capitalization of banks; restructuring of corporate/household debt; strengthening of prudential regulation; and, management and disposition of impaired assets. Furthermore, the management of both crises is compared, in terms of transparency of decision making, policy reforms, and the social, and political obstacles faced for crisis resolution. The report emphasizes that: 1) each banking crisis is unique, and cannot be systematically managed; 2) the resolution of a crisis, largely depends, on the ability of a government to deliver quick responses, and remove legal, and administrative obstacles, while creating strategic consensus; 3) banks losses be recognized at the early stages of a banking crisis, to avoid ineffective measures which will not suffice for the long-term success; and, 4) the establishment of an overall strategy, to link policies, and programs towards a common coherent set of goals in resolving the banking crisis, would avoid contradictory, and confusing results.

Publisher: World Bank

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