Author Description

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. David Woo. Bibliographic Level Mode Of Issuance: Monograph English