Bailouts Or Bail-ins?: Responding to Financial Crises in Emerging EconomiesInstitute for International Economics, 2004 - 427 pagine 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. |
Dall'interno del libro
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... SDRM proposal . The proposed treatment of the Paris Club was a bit more ambiguous , but the cleanest version of the IMF's proposal would also leave the Paris Club entirely out of the process . 44 This makes the SDRM easier to design and ...
... SDRM , in its final form , have made a substantial difference in Argentina ? The likely answer is no . Litigation by domestic bank de- positors who resisted pesification and sought to obtain full payment in dollars from the domestic ...
... SDRM . See sovereign debt restructuring mechanism secondary market changes , 145-46 secured lending , 237-39 , 238n self - fulfilling runs , 46n , 110 Serbia , 262n short - term debt , 32 , 33–34 , 35 , 36 , 340n Argentina , 68 , 236 ...
Sommario
Introduction | 1 |
Appendix A Tables 379 | 8 |
New Nature of EmergingMarket Crises | 25 |
Copyright | |
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Bailouts Or Bail-Ins?: Responding to Financial Crises in Emerging Economies Nouriel Roubini,Brad Setser Anteprima limitata - 2004 |
Bailouts Or Bail-ins?: Responding to Financial Crises in Emerging Economies Nouriel Roubini,Brad Setser Visualizzazione estratti - 2004 |