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Policies that improve the efficiency of managing defaults and restructuring institutions would mitigate the consequences of financial crises.
From a policy point of view, our numerical case studies again indicate the fundamental role played by bankruptcy costs, emphasizing the importance of efficient procedures for managing defaults and restructuring institutions.
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After restructuring, these institutions should be brought back to the market as quickly as possible.
Globalisation is radically restructuring public institutions that fail to recognise and respond to the new power structures.
He furthers Taiwan' s democratisation, always controversially, by restructuring governing institutions and shaping a Taiwanese identity that stands out from mainland China's.
It is therefore necessary to concentrate also on enforcing the rules of law by restructuring the institutions in order to revive this moribund nation.
Without restructuring financial institutions' balance sheets and their operations, as well as their assets — loans to over-indebted households and enterprises — the economic recovery will suffer, and the seeds will be sown for the next crisis".
His long-term intentions - the ends toward which he is restructuring Turkish institutions - are unclear.
Erdoğan has systematically eroded checks and balances on his powers, restructuring state institutions and packing them with his loyalists.
Erdoğan is restructuring Turkish institutions, from the military to schools to the media, in ways that will support whatever moves he chooses to make.
Indeed, success for everyone in the 21st century depends not only on the ability to recreate and re-imagine aging, but even more on redesigning and restructuring the institutions of society to align to this global transformation upon us.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com