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 79
หน้า 2
... payments on at least those debts that are coming due immediately . The country uses the financial reprieve to take steps to correct its macroeconomic problems . If all goes well , it regains ac- cess to financing from private markets ...
... payments on at least those debts that are coming due immediately . The country uses the financial reprieve to take steps to correct its macroeconomic problems . If all goes well , it regains ac- cess to financing from private markets ...
หน้า 3
... payments profile . A restructuring could aim to do little more than defer principal payments on maturing debts , without any reduction in the contractual interest rate the country must pay . Such restructurings are often called a ...
... payments profile . A restructuring could aim to do little more than defer principal payments on maturing debts , without any reduction in the contractual interest rate the country must pay . Such restructurings are often called a ...
หน้า 5
... Payments to the IMF are traditionally given priority over payments to other unsecured creditors . Using an IMF loan to repay existing private debts therefore substitutes debt that can be restructured with debt that by tradition is not ...
... Payments to the IMF are traditionally given priority over payments to other unsecured creditors . Using an IMF loan to repay existing private debts therefore substitutes debt that can be restructured with debt that by tradition is not ...
หน้า 18
... payments need to be convinced that the partial bail - in , combined with policy changes and official financing , will solve the country's problems so that it will be a worthwhile place to continue to invest in . One might call this ...
... payments need to be convinced that the partial bail - in , combined with policy changes and official financing , will solve the country's problems so that it will be a worthwhile place to continue to invest in . One might call this ...
หน้า 19
... payments , comprehensive capital controls on private payments , suspen- sion of currency convertibility , and a bank holiday - is only imposed at the very end of the day , when total loss of confidence has eliminated all other options ...
... payments , comprehensive capital controls on private payments , suspen- sion of currency convertibility , and a bank holiday - is only imposed at the very end of the day , when total loss of confidence has eliminated all other options ...
ฉบับอื่นๆ - ดูทั้งหมด
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