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 87
หน้า 1
... avoid a payments standstill . This book is about how to answer that phone call . The list of countries that have asked the official sector1 for help since 1994 is long and covers all parts of the globe . It includes major emerging ...
... avoid a payments standstill . This book is about how to answer that phone call . The list of countries that have asked the official sector1 for help since 1994 is long and covers all parts of the globe . It includes major emerging ...
หน้า 3
... avoid a default that spills over and damages other countries — without also helping those who lent to it ( Rubin and Weisberg 2003 ; Rubin 1998 ) . A bail - in either an agreement by creditors to roll over their short - term claims or a ...
... avoid a default that spills over and damages other countries — without also helping those who lent to it ( Rubin and Weisberg 2003 ; Rubin 1998 ) . A bail - in either an agreement by creditors to roll over their short - term claims or a ...
หน้า 5
... avoid a debt restructuring leaves almost every- one worse off . A few creditors get paid in full , and a few investors can sell their local currency for a foreign currency at a better price than otherwise would have been possible . But ...
... avoid a debt restructuring leaves almost every- one worse off . A few creditors get paid in full , and a few investors can sell their local currency for a foreign currency at a better price than otherwise would have been possible . But ...
หน้า 7
... avoid sinking deeper into crisis . The Bush administration believes that sovereign debt problems should be left to the markets to resolve , with minimal official interference . Yet the Bush administration encouraged the IMF to put money ...
... avoid sinking deeper into crisis . The Bush administration believes that sovereign debt problems should be left to the markets to resolve , with minimal official interference . Yet the Bush administration encouraged the IMF to put money ...
หน้า 14
... avoids the need for depositors ( and sometimes even the shareholders ) in the bad bank to take losses . To be sure ... avoid a default on the government's foreign - currency debt . However , an IMF rescue loan has other potential uses ...
... avoids the need for depositors ( and sometimes even the shareholders ) in the bad bank to take losses . To be sure ... avoid a default on the government's foreign - currency debt . However , an IMF rescue loan has other potential uses ...
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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
บทความที่เป็นที่นิยม
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