Bailouts Or Bail-Ins?: Responding to Financial Crises in Emerging EconomiesPeterson Institute, 30 เม.ย. 2004 - 348 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. |
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ผลการค้นหา 1 - 5 จาก 88
หน้า
... International Monetary Fund ( IMF ) and the IMF's major shareholders often faced a sharp choice : Bar- ring a major ... lending to Mexico , the Asian- crisis countries , Russia , Brazil ( in 1998-99 ) , and several smaller cases . It ...
... International Monetary Fund ( IMF ) and the IMF's major shareholders often faced a sharp choice : Bar- ring a major ... lending to Mexico , the Asian- crisis countries , Russia , Brazil ( in 1998-99 ) , and several smaller cases . It ...
หน้า
... IMF lending should and should not address . There is also a need to examine whether IMF financing can help soften the blow associ- ated with a sovereign debt restructuring : Roubini and Setser suggest that a debt restructuring is not ...
... IMF lending should and should not address . There is also a need to examine whether IMF financing can help soften the blow associ- ated with a sovereign debt restructuring : Roubini and Setser suggest that a debt restructuring is not ...
หน้า
... financing Rate of IMF loan disbursement and repayment Changes in IMF / bilateral exposure and 125 126 international bank claims on crisis countries 131 Table 4.4 Table 9.1 Table A.1 Changes in IMF / bilateral exposure and in ...
... financing Rate of IMF loan disbursement and repayment Changes in IMF / bilateral exposure and 125 126 international bank claims on crisis countries 131 Table 4.4 Table 9.1 Table A.1 Changes in IMF / bilateral exposure and in ...
หน้า 2
... loan from an international financial institution ( IFI ) , such as the IMF , or from a major country like the United States . The loan has to be big enough to en- able the crisis country to make payments on at least those debts that are ...
... loan from an international financial institution ( IFI ) , such as the IMF , or from a major country like the United States . The loan has to be big enough to en- able the crisis country to make payments on at least those debts that are ...
หน้า 4
... IMF or G - 7 efforts to catalyze a consensual restructuring are just as bad ... lending to countries that discover macroeconomic virtue only when they are ... IMF to support the secondary market for a country's sover- eign bonds rather ...
... IMF or G - 7 efforts to catalyze a consensual restructuring are just as bad ... lending to countries that discover macroeconomic virtue only when they are ... IMF to support the secondary market for a country's sover- eign bonds rather ...
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คำและวลีที่พบบ่อย
adjustment Argentina assets avoid bail-in bailout bank run banking system bankruptcy regime bilateral billion bond's bondholders borrowing Brady bonds Brazil capital claims collective action clauses commitment country's crisis country crisis resolution cross-border current account deficit debt restructuring debtor default depositors dollar domestic banks domestic debt Ecuador emerging economies emerging markets emerging-market exchange rate exposure external creditors external debt firms fiscal foreign currency foreign-currency Fred Bergsten Global guarantee holdouts IMF lending IMF loan IMF program IMF's incentives Indonesia interbank interest rates international bonds International Monetary Fund investors ISBN Korea lender of last liquidity litigation long-term maturing ment Mexico models moral hazard official financing official sector options Paris Club payments precrisis priority private creditors problems proposal reduce repay reserves restruc restructuring process restructuring terms risk rollover Russia SDRM short-term debt sovereign bonds sovereign debt sovereign debt restructuring standstill triggering Turkey Uruguay York-law
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หน้า 1 - The G-7 countries are the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada.
หน้า 190 - No one category of private creditors should be regarded as inherently privileged relative to others in a similar position. When both are material, claims of bondholders should not be viewed as