Financial Restructuring to Sustain Recovery

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FINANCIAL RESTRUCTURING TO SUSTAIN RECOVERY 00 2524-4 fm.indd 1 10/22/13 8:07 AM 00 2524-4 fm.indd 2 10/22/13 8:07 AM nomura institute of capital markets research Tokyo brookings institution press Washington, D.C. martin neil baily richard j. herring yuta seki Editors FINANCIAL RESTRUCTURING TO SUSTAIN RECOVERY 00 2524-4 fm.indd 3 10/22/13 8:07 AM Copyright © 2013 the brookings institution nomura institute of capital markets research All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means without permission in writing from the Brookings Institution Press, except in the case of brief quotations embodied in news articles, critical articles, or reviews. Financial Restructuring to Sustain Recovery may be ordered from: Brookings Institution Press, 1775 Massachusetts Avenue, N.W. Washington, D.C. 20036 Telephone: 1-800/537-5487 or 410/516-6956 E-mail: hfscustserv@press.jhu.edu; www.brookings.edu Library of Congress Cataloging-in-Publication data Financial restructuring to sustain recovery / Martin Neil Baily, Richard J. Herring, and Yuta Seki, editors. pages cm. Includes bibliographical references and index. ISBN 978-0-8157-2524-4 (pbk. : alk. paper) 1. Finance. 2. Economic development. I. Baily, Martin Neil. II. Herring, Richard. III. Seki, Yuta. HG173.F51465 2013 332—dc23 2013038841 9 8 7 6 5 4 3 2 1 Printed on acid-free paper Typeset in Adobe Garamond Composition by Cynthia Stock Silver Spring, Maryland Printed by R. R. Donnelley Harrisonburg, Virginia 00 2524-4 fm.indd 4 10/22/13 8:07 AM ...