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 70
หน้า 5
... existing institutions as finding ways of using existing institutions and tools more effectively . We therefore focus on practical ideas for improving the official sector's capacity to respond to emerging - market financial crises . Some ...
... existing institutions as finding ways of using existing institutions and tools more effectively . We therefore focus on practical ideas for improving the official sector's capacity to respond to emerging - market financial crises . Some ...
หน้า 8
... existing exposure . Special drawing rights ( SDR ) are converted into dollars at the SDR / dollar exchange rate at the time of the initial program . Sources : Financial data from International Monetary Fund , www.imf.org/external/fin ...
... existing exposure . Special drawing rights ( SDR ) are converted into dollars at the SDR / dollar exchange rate at the time of the initial program . Sources : Financial data from International Monetary Fund , www.imf.org/external/fin ...
หน้า 13
... existing debt was difficult from the beginning and be- came more difficult with time . Banks were also reluctant to recognize the need for some debt forgiveness : It took a very long time for serial restruc- turings to give way to the ...
... existing debt was difficult from the beginning and be- came more difficult with time . Banks were also reluctant to recognize the need for some debt forgiveness : It took a very long time for serial restruc- turings to give way to the ...
หน้า 16
... existing debt as it matures . Financial trouble quickly develops if a country's government cannot raise the needed money in private markets to pay its own maturing debt or if pri- vate firms and banks that borrowed from abroad have ...
... existing debt as it matures . Financial trouble quickly develops if a country's government cannot raise the needed money in private markets to pay its own maturing debt or if pri- vate firms and banks that borrowed from abroad have ...
หน้า 17
... existing creditors to roll over their claims - though the improvement in long - term solvency has to be balanced against the fact that adjustments may be con- tractionary in the short run.23 Runs on countries with no policy weak- nesses ...
... existing creditors to roll over their claims - though the improvement in long - term solvency has to be balanced against the fact that adjustments may be con- tractionary in the short run.23 Runs on countries with no policy weak- nesses ...
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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