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 67
หน้า 2
... 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 no silver bullets : No option for providing a ...
... 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 no silver bullets : No option for providing a ...
หน้า 4
... stop runs on countries . Back in 1995 , Jeffrey Sachs laid out the case for both an inter- national lender of last resort and a sovereign bankruptcy regime.4 Others have suggested new binding rules to substantially scale back the amount ...
... stop runs on countries . Back in 1995 , Jeffrey Sachs laid out the case for both an inter- national lender of last resort and a sovereign bankruptcy regime.4 Others have suggested new binding rules to substantially scale back the amount ...
หน้า 19
... stop pretending that a return to low levels of access is just around the corner . The gap between the rhetoric of limits and the actual practice of continued large loans impedes policymaking . □ There has been too little ...
... stop pretending that a return to low levels of access is just around the corner . The gap between the rhetoric of limits and the actual practice of continued large loans impedes policymaking . □ There has been too little ...
หน้า 41
... stop bank runs . So long as the ulti- mate cost of bailing out weak financial systems was substantially uncer- tain , it was hard to assess the government's own solvency.21 Political Shocks . Unexpected political developments have often ...
... stop bank runs . So long as the ulti- mate cost of bailing out weak financial systems was substantially uncer- tain , it was hard to assess the government's own solvency.21 Political Shocks . Unexpected political developments have often ...
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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