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 84
หน้า
... Problems with Crisis Resolution " Software " Moving from Problems to Solutions 334 335 338 351 365 Conclusion 376 Preface The international financial system , and especially the problems vi.
... Problems with Crisis Resolution " Software " Moving from Problems to Solutions 334 335 338 351 365 Conclusion 376 Preface The international financial system , and especially the problems vi.
หน้า
... problem that arises in a sover- eign debt restructuring , and that the recent success of efforts to introduce ... problems that large - scale IMF lending should and should not address . There is also a need to examine whether IMF ...
... problem that arises in a sover- eign debt restructuring , and that the recent success of efforts to introduce ... problems that large - scale IMF lending should and should not address . There is also a need to examine whether IMF ...
หน้า 2
... problems . If all goes well , it regains ac- cess to financing from private markets , money starts flowing back , re- serves rise , and it can repay the IMF . Official rescue loans are not gifts : IMF loans have to be repaid with ...
... problems . If all goes well , it regains ac- cess to financing from private markets , money starts flowing back , re- serves rise , and it can repay the IMF . Official rescue loans are not gifts : IMF loans have to be repaid with ...
หน้า 4
... problems of 4. Sachs ( 1995 ) put particular emphasis on a bankruptcy regime's ability to provide admin- istrative priority to new financing , since he envisions new private money as the solution to underfinanced IMF programs . For a ...
... problems of 4. Sachs ( 1995 ) put particular emphasis on a bankruptcy regime's ability to provide admin- istrative priority to new financing , since he envisions new private money as the solution to underfinanced IMF programs . For a ...
หน้า 7
... problems should be left to the markets to resolve , with minimal official interference . Yet the Bush administration encouraged the IMF to put money on the table- admittedly , too little way too late to catalyze a private debt ...
... problems should be left to the markets to resolve , with minimal official interference . Yet the Bush administration encouraged the IMF to put money on the table- admittedly , too little way too late to catalyze a private debt ...
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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