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 92
หน้า
... Bailout 183 Reform of the International Financial Architecture 186 The Debate Fractures 191 A New Administration , a New Policy ? Conclusions 199 203 6 Responding to Liquidity Shortages 207 When Is Official Liquidity Support Warranted ...
... Bailout 183 Reform of the International Financial Architecture 186 The Debate Fractures 191 A New Administration , a New Policy ? Conclusions 199 203 6 Responding to Liquidity Shortages 207 When Is Official Liquidity Support Warranted ...
หน้า
... bail out crisis countries . It is not surprising , then , that Roubini and Setser argue that the end of the recent efforts to create a new international bankruptcy regime for sovereign borrowers should not end the debate on how best to ...
... bail out crisis countries . It is not surprising , then , that Roubini and Setser argue that the end of the recent efforts to create a new international bankruptcy regime for sovereign borrowers should not end the debate on how best to ...
หน้า 3
... bail out creditors who lent at high spreads to shaky emerging economies . Former US Treasury Secretary Robert Rubin has ... bailout of the US savings and loans industry in the 1980s . 3. We use the term " debt restructuring " broadly to ...
... bail out creditors who lent at high spreads to shaky emerging economies . Former US Treasury Secretary Robert Rubin has ... bailout of the US savings and loans industry in the 1980s . 3. We use the term " debt restructuring " broadly to ...
หน้า 4
... bailout and an IMF sanctioned bail - in . The debate on reforming the international financial architecture that followed the 1997-98 Asian and global crises has primarily focused on proposals for grand institutional reforms , often ...
... bailout and an IMF sanctioned bail - in . The debate on reforming the international financial architecture that followed the 1997-98 Asian and global crises has primarily focused on proposals for grand institutional reforms , often ...
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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