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 75
หน้า
... Approaches to Crisis Resolution 76 Crisis Resolution in IMF's Absence 79 IMF , Crises of Creditor Coordination , and Moral Hazard Do Partial Bailouts Ever Work ? 93 108 Policy Implications and Suggestions for Further Research 114 4 ...
... Approaches to Crisis Resolution 76 Crisis Resolution in IMF's Absence 79 IMF , Crises of Creditor Coordination , and Moral Hazard Do Partial Bailouts Ever Work ? 93 108 Policy Implications and Suggestions for Further Research 114 4 ...
หน้า
... Approaches to Liquidity Crises What Is the Right Policy ? 230 247 7 Seniority of Sovereign Debts Relative Treatment of Different Sovereign Claims Domestic Versus External Debt 249 251 263 Arguments in Favor of a Formal Debt Seniority ...
... Approaches to Liquidity Crises What Is the Right Policy ? 230 247 7 Seniority of Sovereign Debts Relative Treatment of Different Sovereign Claims Domestic Versus External Debt 249 251 263 Arguments in Favor of a Formal Debt Seniority ...
หน้า
... approaches for dealing with them . The Insti- tute is completely nonpartisan . The Institute is funded largely by philanthropic foundations . Major support for this study was provided by the GE Foundation . Major insti- tutional grants ...
... approaches for dealing with them . The Insti- tute is completely nonpartisan . The Institute is funded largely by philanthropic foundations . Major support for this study was provided by the GE Foundation . Major insti- tutional grants ...
หน้า
... approach 9 10 127 128 130 346 374 Boxes Box 2.1 Recent academic literature on currency and financial crises 35 Box 2.2 Contagion 43 Box 3.1 Defining moral hazard 74 Box 7.1 Different haircuts for domestic and external creditors 268 Box ...
... approach 9 10 127 128 130 346 374 Boxes Box 2.1 Recent academic literature on currency and financial crises 35 Box 2.2 Contagion 43 Box 3.1 Defining moral hazard 74 Box 7.1 Different haircuts for domestic and external creditors 268 Box ...
หน้า 6
... approach to resolving financial crises in emerging economies . The key questions of crisis resolution are a source of near continuous disagreement . Should the IMF help a country avoid a crisis triggered in part by a creditor panic ...
... approach to resolving financial crises in emerging economies . The key questions of crisis resolution are a source of near continuous disagreement . Should the IMF help a country avoid a crisis triggered in part by a creditor panic ...
ฉบับอื่นๆ - ดูทั้งหมด
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