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 89
หน้า 4
... banking system be the key criterion for determining eligibility . Oth- ers have proposed less draconian forms of prequalification . crisis resolution . Others are just impractical or inappropriate ways 4 BAILOUTS OR BAIL - INS ?
... banking system be the key criterion for determining eligibility . Oth- ers have proposed less draconian forms of prequalification . crisis resolution . Others are just impractical or inappropriate ways 4 BAILOUTS OR BAIL - INS ?
หน้า 6
... less , should the IMF or the G - 7 countries - do more to help the country get a debt re- structuring agreement with its creditors ? Could protection from litigation substitute for official lending or , at least , make it easier for the ...
... less , should the IMF or the G - 7 countries - do more to help the country get a debt re- structuring agreement with its creditors ? Could protection from litigation substitute for official lending or , at least , make it easier for the ...
หน้า 7
... 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 . Bailouts that were ...
... 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 . Bailouts that were ...
หน้า 12
... less success in Indonesia dur- ing the course of 1998 , commercial bank creditors were " bailed in , " and interbank credits were restructured . In Brazil , a program was put in place to monitor banks ' commitment to roll over their ...
... less success in Indonesia dur- ing the course of 1998 , commercial bank creditors were " bailed in , " and interbank credits were restructured . In Brazil , a program was put in place to monitor banks ' commitment to roll over their ...
หน้า 19
... vide a useful framework for deciding how to respond to actual crises . A new framework for IMF lending is needed , one that focuses less on limits and more on defining the circumstances when IMF lending can INTRODUCTION 19.
... vide a useful framework for deciding how to respond to actual crises . A new framework for IMF lending is needed , one that focuses less on limits and more on defining the circumstances when IMF lending can INTRODUCTION 19.
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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