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 90
หน้า
... financing in recent crisis cases than is commonly realized - and hence that the story of crisis response since Mexico is not one of all bailouts and no bail - ins . They also emphasize that sovereign bonds have not been the most ...
... financing in recent crisis cases than is commonly realized - and hence that the story of crisis response since Mexico is not one of all bailouts and no bail - ins . They also emphasize that sovereign bonds have not been the most ...
หน้า 2
... financing from private markets , money starts flowing back , re- serves rise , and it can repay the IMF . Official ... financing . There are no silver bullets : No option for providing a country with emergency financing is attractive ...
... financing from private markets , money starts flowing back , re- serves rise , and it can repay the IMF . Official ... financing . There are no silver bullets : No option for providing a country with emergency financing is attractive ...
หน้า 4
... financing and make no effort to help the country get through its troubles . Letting nature take its course is an alternative to both an IMF bailout and an IMF sanctioned bail - in . The debate on reforming the international financial ...
... financing and make no effort to help the country get through its troubles . Letting nature take its course is an alternative to both an IMF bailout and an IMF sanctioned bail - in . The debate on reforming the international financial ...
หน้า 6
... financing sketchy countries , then risky policies and bets become more likely . Be- cause of this risk of moral ... financing " -deferring scheduled payments counts as emergency financing - from the private creditors of a crisis country ...
... financing sketchy countries , then risky policies and bets become more likely . Be- cause of this risk of moral ... financing " -deferring scheduled payments counts as emergency financing - from the private creditors of a crisis country ...
หน้า 7
... financing should be less forthcoming if a country's debts are unsus- tainable , yet they continue to support large bailouts for countries whose debt levels put their sustainability — and their ability to quickly repay the IMF at risk ...
... financing should be less forthcoming if a country's debts are unsus- tainable , yet they continue to support large bailouts for countries whose debt levels put their sustainability — and their ability to quickly repay the IMF at risk ...
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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