Bailouts Or Bail-ins?: Responding to Financial Crises in Emerging EconomiesInstitute for International Economics, 2004 - 427 หน้า Roughly once a year, the managing director of the International Monetary Fund, the US treasury secretary and in some cases the finance ministers of other G-7 countries will get a call from the finance minister of a large emerging market economy. The emerging market finance minister will indicate that the country is rapidly running out of foreign reserves, that it has lost access to international capital markets and, perhaps, that is has lost the confidence of its own citizens. Without a rescue loan, it will be forced to devalue its currency and default either on its government debt or on loans to the country's banks that the government has guaranteed. This book looks at these situations and the options available to alleviate the problem. It argues for a policy that recognizes that every crisis is different and that different cases need to be handled within a framework that provides consistency and predictability to borrowing countries as well as those who invest in their debt. |
จากด้านในหนังสือ
ผลการค้นหา 1 - 3 จาก 89
... short - term debt ( Mexico , Russia , Brazil , Turkey , and to a lesser degree , Argentina ) quickly found that their financial health depended on the creditors ' willingness to roll over large amounts of their debt at reasonable ...
... short - term external inter- bank borrowing to finance its current account deficit : Between June 1994 and June 1997 , Thailand's stock of short - term debt increased from $ 27.2 billion to $ 45.6 billion - an increase of $ 18.4 billion ...
... short leash , so they lend only for short terms.21 The risk that creditors will run if the government opts for ... term debt , however , makes a debtor that does not maintain sufficient liquid assets to cover all its short - term debts ...
เนื้อหา
Introduction | 1 |
Appendix A Tables 379 | 8 |
New Nature of EmergingMarket Crises | 25 |
ลิขสิทธิ์ | |
14 เนื้อหาอื่นๆ ไม่ได้แสดงไว้