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 61
หน้า
... Relative Treatment of Different Sovereign Claims Domestic Versus External Debt 249 251 263 Arguments in Favor of a Formal Debt Seniority Regime Conclusion 8 Legal Reform 277 285 289 Potential Obstacles to Sovereign Debt Restructuring ...
... Relative Treatment of Different Sovereign Claims Domestic Versus External Debt 249 251 263 Arguments in Favor of a Formal Debt Seniority Regime Conclusion 8 Legal Reform 277 285 289 Potential Obstacles to Sovereign Debt Restructuring ...
หน้า 7
... relative to GDP than countries like Mexico or Korea that received large IMF rescue loans of a comparable size in the past . 9. Brazil's recent program did not contain any requirement to seek commitments from pri- vate creditors , and ...
... relative to GDP than countries like Mexico or Korea that received large IMF rescue loans of a comparable size in the past . 9. Brazil's recent program did not contain any requirement to seek commitments from pri- vate creditors , and ...
หน้า 17
... relative to their GDP ( or relative to other measures of their ability to pay , such as exports or government revenues ) than others . Countries with the same overall amount of debt can differ in other ways . Those with lots of short ...
... relative to their GDP ( or relative to other measures of their ability to pay , such as exports or government revenues ) than others . Countries with the same overall amount of debt can differ in other ways . Those with lots of short ...
หน้า 18
... relative merits of a full bailout from a lender of last resort and a full bail - in from a comprehensive debt standstill . But actual policy decisions often amount to choosing among a small partial bailout , a large partial bailout , a ...
... relative merits of a full bailout from a lender of last resort and a full bail - in from a comprehensive debt standstill . But actual policy decisions often amount to choosing among a small partial bailout , a large partial bailout , a ...
หน้า 27
... relative to the precrisis peak , was over 20 percent , as the output fall started before the crisis and persisted longer . 5. These vulnerabilities have been studied in a very large body of literature ; for compre- hensive analyses and ...
... relative to the precrisis peak , was over 20 percent , as the output fall started before the crisis and persisted longer . 5. These vulnerabilities have been studied in a very large body of literature ; for compre- hensive analyses and ...
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