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 76
หน้า 16
... lead all creditors to demand payment as soon as possible . Such runs usually don't happen entirely by accident . Creditors are understand- ably reluctant to lend to countries with poor macroeconomic policies or weak financial systems ...
... lead all creditors to demand payment as soon as possible . Such runs usually don't happen entirely by accident . Creditors are understand- ably reluctant to lend to countries with poor macroeconomic policies or weak financial systems ...
หน้า 18
... lead most external creditors to agree to refinance the debt they hold and most domestic investors to keep their funds in the country . One might call this strategy " lend and pray . " The IMF and the official sector call it the ...
... lead most external creditors to agree to refinance the debt they hold and most domestic investors to keep their funds in the country . One might call this strategy " lend and pray . " The IMF and the official sector call it the ...
หน้า 26
... leads to excessive foreign- currency borrowing . In turn , the increase in the burden of these foreign- currency debts after the exchange rate collapses makes it harder for banks , firms , and the government alike to service their long ...
... leads to excessive foreign- currency borrowing . In turn , the increase in the burden of these foreign- currency debts after the exchange rate collapses makes it harder for banks , firms , and the government alike to service their long ...
หน้า 32
... lead to exces- sive investment and overreliance on dangerous forms of borrowing ; □ political shocks - whether from elections , weakening governments , scandals , or political violence — that increase policy uncertainty and make ...
... lead to exces- sive investment and overreliance on dangerous forms of borrowing ; □ political shocks - whether from elections , weakening governments , scandals , or political violence — that increase policy uncertainty and make ...
หน้า 33
... lead to current account deficits and the accumulation of external liabilities even in the absence of budget deficits ... lead to a current account deficit . Government spending is usually biased toward domestic and nontradable goods ...
... lead to current account deficits and the accumulation of external liabilities even in the absence of budget deficits ... lead to a current account deficit . Government spending is usually biased toward domestic and nontradable goods ...
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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