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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... ment at Copyright Clearance Center , Inc. , 222 Rosewood Drive , Danvers , MS 01923 ; or email requests to : info@copyright.com Library of Congress Cataloging - in- Publication Data Roubini , Nouriel Bail - ins or bailouts : responding ...
... ment at Copyright Clearance Center , Inc. , 222 Rosewood Drive , Danvers , MS 01923 ; or email requests to : info@copyright.com Library of Congress Cataloging - in- Publication Data Roubini , Nouriel Bail - ins or bailouts : responding ...
หน้า 1
... ment debt or be unable to help its banks avoid a payments standstill . This book is about how to answer that phone call . The list of countries that have asked the official sector1 for help since 1994 is long and covers all parts of the ...
... ment debt or be unable to help its banks avoid a payments standstill . This book is about how to answer that phone call . The list of countries that have asked the official sector1 for help since 1994 is long and covers all parts of the ...
หน้า 2
... ment on a set of policy changes rarely is enough to stop all financial pres- sures . A financial rescue typically does not work without policy changes , but policy changes also often will not work without emergency financing . There are ...
... ment on a set of policy changes rarely is enough to stop all financial pres- sures . A financial rescue typically does not work without policy changes , but policy changes also often will not work without emergency financing . There are ...
หน้า 11
... ment's domestic debts - the ruble - denominated GKOS . Short - term cross- border bank loans - from international banks to local banks and other financial institutions and , in some cases , to local firms as well - were the source of ...
... ment's domestic debts - the ruble - denominated GKOS . Short - term cross- border bank loans - from international banks to local banks and other financial institutions and , in some cases , to local firms as well - were the source of ...
หน้า 23
... ment , is the initial source of the country's financial difficulties . Chapter 7 asks if sovereign debt restructurings could be made less disorderly and costly if claims against a sovereign could be ranked according to a more precise ...
... ment , is the initial source of the country's financial difficulties . Chapter 7 asks if sovereign debt restructurings could be made less disorderly and costly if claims against a sovereign could be ranked according to a more precise ...
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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