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 61
หน้า 4
... lender of last resort able to put enough money on the table to be sure that it could stop runs on countries . Back in 1995 , Jeffrey Sachs laid out the case for both an inter- national lender of last resort and a sovereign bankruptcy ...
... lender of last resort able to put enough money on the table to be sure that it could stop runs on countries . Back in 1995 , Jeffrey Sachs laid out the case for both an inter- national lender of last resort and a sovereign bankruptcy ...
หน้า 14
... lender of last resort lets a troubled bank pay off its depositors . However , most domestic bank " bailouts " do more than just provide the bank with emergency liquidity from a lender of last resort . They also typically require giving ...
... lender of last resort lets a troubled bank pay off its depositors . However , most domestic bank " bailouts " do more than just provide the bank with emergency liquidity from a lender of last resort . They also typically require giving ...
หน้า 18
... lender of last resort usually handles a bank run : It promises to lend the bank as much money as it needs to honor its existing deposits in full and on time . A partial bailout provides the country with a substantial sum of money but ...
... lender of last resort usually handles a bank run : It promises to lend the bank as much money as it needs to honor its existing deposits in full and on time . A partial bailout provides the country with a substantial sum of money but ...
หน้า 22
... lender of last resort , the risk that an international lender of last resort could trigger moral hazard , and the case for and against - partial bailouts . Chapter 4 looks at the lessons that can be drawn from the actual expe- rience in ...
... lender of last resort , the risk that an international lender of last resort could trigger moral hazard , and the case for and against - partial bailouts . Chapter 4 looks at the lessons that can be drawn from the actual expe- rience in ...
หน้า 69
... lender of last resort was limited be- cause most of its reserves were pledged to back the currency . The central bank was aware of this risk : It had insisted that the banks maintain sig- nificant liquid dollar reserves , and had ...
... lender of last resort was limited be- cause most of its reserves were pledged to back the currency . The central bank was aware of this risk : It had insisted that the banks maintain sig- nificant liquid dollar reserves , and had ...
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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