Bailouts Or Bail-Ins?: Responding to Financial Crises in Emerging EconomiesPeterson Institute, 30 apr 2004 - 348 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
Risultati 1-5 di 86
Pagina 2
... 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 is enough ...
... 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 is enough ...
Pagina 4
... amount the IMF can provide in all crises . The International Financial Institutions Advisory Committee ( IFIAC 2000 ) , more commonly called the Meltzer Commission , suggested that the IMF get out of the business of lending to countries ...
... amount the IMF can provide in all crises . The International Financial Institutions Advisory Committee ( IFIAC 2000 ) , more commonly called the Meltzer Commission , suggested that the IMF get out of the business of lending to countries ...
Pagina 5
... amounts of the IMF's ammunition on an unsuccessful attempt to help a country avoid a debt restructuring leaves almost every- one worse off . A few creditors get paid in full , and a few investors can sell their local currency for a ...
... amounts of the IMF's ammunition on an unsuccessful attempt to help a country avoid a debt restructuring leaves almost every- one worse off . A few creditors get paid in full , and a few investors can sell their local currency for a ...
Pagina 7
... recent programs for Turkey have also excluded a requirement that the country seek private cofinancing . Neither program includes a meaningful bail - in . Table 1.1 IMF financing Amount agreed Total disbursed Disbursed in INTRODUCTION 7.
... recent programs for Turkey have also excluded a requirement that the country seek private cofinancing . Neither program includes a meaningful bail - in . Table 1.1 IMF financing Amount agreed Total disbursed Disbursed in INTRODUCTION 7.
Pagina 8
... Amount agreed Total disbursed Disbursed in the first year As percent In billions As percent As percent of quota of dollars of GDP of quota In billions of dollars As percent As percent In billions As percent of GDP of quota of dollars of ...
... Amount agreed Total disbursed Disbursed in the first year As percent In billions As percent As percent of quota of dollars of GDP of quota In billions of dollars As percent As percent In billions As percent of GDP of quota of dollars of ...
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Bailouts Or Bail-ins?: Responding to Financial Crises in Emerging Economies Nouriel Roubini,Brad Setser Visualizzazione estratti - 2004 |
Bailouts Or Bail-ins?: Responding to Financial Crises in Emerging Economies Nouriel Roubini,Brad Setser Visualizzazione estratti - 2004 |
Parole e frasi comuni
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
Brani popolari
Pagina 1 - The G-7 countries are the United States, Japan, Germany, the United Kingdom, France, Italy, and Canada.
Pagina 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