Bailouts or bail-ins? : responding to financial crises in emerging economies
The study calls for a two-track strategy: first, deep multilateral liberalization involving phased but complete elimination of industrial-county protection and deep reduction of protection by at least the middle-income developing countries, albeit on a more gradual schedule; and second, immediate free entry for imports from high risk low-income countries (heavily indebted poor countries, least developed countries, and sub-Saharan Africa), coupled with a 10-year tax holiday for direct investment in these countries
eBook, English, 2004
Institute for International Economics, Washington, DC, 2004
1 online resource (xiv, 427 pages) : illustrations
9781435655355, 9781281397140, 9780881324600, 9786611397142, 9780881325300, 1435655354, 1281397148, 0881324604, 6611397140, 0881325309
290580194
New nature of emerging-market crises
Analytical literature on crisis resolution
Experience with bailouts and bail-ins
Official policy toward crisis resolution
Responding to liquidity shortages
Seniority of sovereign debts
Legal reform
Recommendations for reform
Electronic reproduction, [Place of publication not identified], HathiTrust Digital Library, 2010
English