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 90
หน้า
... reduce pressure to bail out crisis countries . It is not surprising , then , that Roubini and Setser argue that the end of the recent efforts to create a new international bankruptcy regime for sovereign borrowers should not end the ...
... reduce pressure to bail out crisis countries . It is not surprising , then , that Roubini and Setser argue that the end of the recent efforts to create a new international bankruptcy regime for sovereign borrowers should not end the ...
หน้า 2
... reduce the amount it borrows from the rest of the world . Countries with profligate governments running large budget deficits need to put their fiscal accounts in order . At the same time , agree- ment on a set of policy changes rarely ...
... reduce the amount it borrows from the rest of the world . Countries with profligate governments running large budget deficits need to put their fiscal accounts in order . At the same time , agree- ment on a set of policy changes rarely ...
หน้า 3
... reduction in the contractual interest rate the country must pay . Such restructurings are often called a rescheduling ... reduce the face value of the country's debt . A restructuring may occur before a formal debt default and thus ...
... reduction in the contractual interest rate the country must pay . Such restructurings are often called a rescheduling ... reduce the face value of the country's debt . A restructuring may occur before a formal debt default and thus ...
หน้า 9
... reduce demand for large bailout packages . Eight myths have far more influence than they should . Myth 1 The era of large bailouts has ended . Some date the end to Lawrence Summers's departure from the US Treasury , others to ...
... reduce demand for large bailout packages . Eight myths have far more influence than they should . Myth 1 The era of large bailouts has ended . Some date the end to Lawrence Summers's departure from the US Treasury , others to ...
หน้า 12
... reducing their lending to Turkey's banks . Myth 7 International sovereign bonds cannot be restructured , either because ... reduce , not increase , their exposure . Getting agreement among them to both roll over maturing 15. Collective ...
... reducing their lending to Turkey's banks . Myth 7 International sovereign bonds cannot be restructured , either because ... reduce , not increase , their exposure . Getting agreement among them to both roll over maturing 15. Collective ...
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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