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 88
หน้า 2
... country . In ei- ther case , convincing the country's creditors to defer payments , whether through a bond exchange or an agreement to roll over maturing bank loans , requires at least the implicit threat that the country will halt pay ...
... country . In ei- ther case , convincing the country's creditors to defer payments , whether through a bond exchange or an agreement to roll over maturing bank loans , requires at least the implicit threat that the country will halt pay ...
หน้า 3
... country's creditors , particularly those who are lucky enough to have claims coming due soon after the country gets the rescue loan . Former US Treasury Secretary Paul O'Neill often specu- lated about the wisdom of spending the tax ...
... country's creditors , particularly those who are lucky enough to have claims coming due soon after the country gets the rescue loan . Former US Treasury Secretary Paul O'Neill often specu- lated about the wisdom of spending the tax ...
หน้า 4
... country's decision not to pay on time . It is not surprising that some would prefer a world where the IMF , MDBs , and governments of the G - 7 and G - 10 countries simply refuse to supply financing and make no effort to help the country ...
... country's decision not to pay on time . It is not surprising that some would prefer a world where the IMF , MDBs , and governments of the G - 7 and G - 10 countries simply refuse to supply financing and make no effort to help the country ...
หน้า 5
... country's policies during its restructuring , the IMF is left negotiating to get its money back as the crisis country falls off a financial and economic cliff . Second , the emerging economies ' ability to borrow reserves in a crisis ...
... country's policies during its restructuring , the IMF is left negotiating to get its money back as the crisis country falls off a financial and economic cliff . Second , the emerging economies ' ability to borrow reserves in a crisis ...
หน้า 6
... country avoid a crisis triggered in part by a creditor panic , even if it means letting some of the country's creditors off the hook ? Or should priority be placed on the imposition of payment standstills that lock creditors in , even ...
... country avoid a crisis triggered in part by a creditor panic , even if it means letting some of the country's creditors off the hook ? Or should priority be placed on the imposition of payment standstills that lock creditors in , even ...
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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