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 79
หน้า 2
... is attractive . IMF loans - bailouts to their critics - are given to help the country honor its contractual commitment to pay its debts.2 But they also help the country's creditors , particularly 2 BAILOUTS OR BAIL - INS ?
... is attractive . IMF loans - bailouts to their critics - are given to help the country honor its contractual commitment to pay its debts.2 But they also help the country's creditors , particularly 2 BAILOUTS OR BAIL - INS ?
หน้า 6
... commitment by private creditors to restructure their claims to help the crisis country ? If the IMF is going to lend less , should the IMF or the G - 7 countries - do more to help the country get a debt re- structuring agreement with ...
... commitment by private creditors to restructure their claims to help the crisis country ? If the IMF is going to lend less , should the IMF or the G - 7 countries - do more to help the country get a debt re- structuring agreement with ...
หน้า 7
... commitments from the country's private creditors.9 Purging Unhelpful Myths The IMF and its major shareholders face difficult choices when an emerg- ing economy may be close to default . But a number of myths have inhib- ited a clear ...
... commitments from the country's private creditors.9 Purging Unhelpful Myths The IMF and its major shareholders face difficult choices when an emerg- ing economy may be close to default . But a number of myths have inhib- ited a clear ...
หน้า 8
... commitment ; however , some of the new commitment was intended to refinance the IMF's existing exposure . Special drawing rights ( SDR ) are converted into dollars at the SDR / dollar exchange rate at the time of the initial program ...
... commitment ; however , some of the new commitment was intended to refinance the IMF's existing exposure . Special drawing rights ( SDR ) are converted into dollars at the SDR / dollar exchange rate at the time of the initial program ...
หน้า 12
... commitment to roll over their interbank positions in 1999 , though unlike in Korea , monitoring did not morph into a formal re- structuring . Turkey also put in place a system to monitor the rollover of interbank credits in 2001 ...
... commitment to roll over their interbank positions in 1999 , though unlike in Korea , monitoring did not morph into a formal re- structuring . Turkey also put in place a system to monitor the rollover of interbank credits in 2001 ...
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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