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. |
จากด้านในหนังสือ
ผลการค้นหา 1 - 5 จาก 81
หน้า 10
... bond market . The IMF's total " usable " resources are around $ 200 billion . A reasonable estimate of the amount of outstand- ing international sovereign bonds issued by emerging economies is $ 370 billion.11 Bonds are long - term ...
... bond market . The IMF's total " usable " resources are around $ 200 billion . A reasonable estimate of the amount of outstand- ing international sovereign bonds issued by emerging economies is $ 370 billion.11 Bonds are long - term ...
หน้า 11
... bonds to $ 331 billion . 13 Cross - border bank claims remain an important source of financing . Myth 4 A better means of restructuring international bonds would eliminate the need for bailouts.14 As former US Treasury Assistant ...
... bonds to $ 331 billion . 13 Cross - border bank claims remain an important source of financing . Myth 4 A better means of restructuring international bonds would eliminate the need for bailouts.14 As former US Treasury Assistant ...
หน้า 12
... bonds cannot be restructured , either because bondholders are dispersed and difficult to contact or because many bonds lack collective action clauses.15 In reality , bonds and other widely traded debt instruments can and have been ...
... bonds cannot be restructured , either because bondholders are dispersed and difficult to contact or because many bonds lack collective action clauses.15 In reality , bonds and other widely traded debt instruments can and have been ...
หน้า 13
... bonds who sell their claims in a crisis put pressure on the bonds ' market price , not on the country's reserves . Hold- ers of short - term debt , in contrast , have a contractual right to exchange their claims for the country's scarce ...
... bonds who sell their claims in a crisis put pressure on the bonds ' market price , not on the country's reserves . Hold- ers of short - term debt , in contrast , have a contractual right to exchange their claims for the country's scarce ...
หน้า 33
... bonds or FDI and between financing a budget deficit with 90 - day foreign currency - linked paper and with 10 - year maturity local - currency bonds . After a few years of financing substantial current account deficits with short - term ...
... bonds or FDI and between financing a budget deficit with 90 - day foreign currency - linked paper and with 10 - year maturity local - currency bonds . After a few years of financing substantial current account deficits with short - term ...
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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