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 83
Pagina
... percent of the Institute's resources in our latest fiscal year were provided by contributors outside the United States , including about 8 percent from Japan . The Board of Directors bears overall responsibilities for the Institute and ...
... percent of the Institute's resources in our latest fiscal year were provided by contributors outside the United States , including about 8 percent from Japan . The Board of Directors bears overall responsibilities for the Institute and ...
Pagina 7
... percent of precrisis GDP ) before defaulting . Turkey has received $ 23 billion from the IMF , around 11 percent of its precrisis GDP . It also recently reached agreement to get an additional $ 8.5 billion low interest - rate loan ...
... percent of precrisis GDP ) before defaulting . Turkey has received $ 23 billion from the IMF , around 11 percent of its precrisis GDP . It also recently reached agreement to get an additional $ 8.5 billion low interest - rate loan ...
Pagina 8
... 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 GDP Mexico ( 1995 ) 688 18.0 4.4 500 13.1 3.2 500 13.1 3.2 ...
... 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 GDP Mexico ( 1995 ) 688 18.0 4.4 500 13.1 3.2 500 13.1 3.2 ...
Pagina 27
... percent in Mexico , 6.7 percent in Korea , 13.1 percent in Indonesia , 10.2 percent in Thailand , 7.4 percent in Malaysia , 6.3 per- cent in Ecuador , 7.4 percent in Turkey , 10.9 percent in Argentina , and 10.8 percent in Uruguay . In ...
... percent in Mexico , 6.7 percent in Korea , 13.1 percent in Indonesia , 10.2 percent in Thailand , 7.4 percent in Malaysia , 6.3 per- cent in Ecuador , 7.4 percent in Turkey , 10.9 percent in Argentina , and 10.8 percent in Uruguay . In ...
Pagina 28
... ( percent of GDP ) 33 31 60 43 38 38 335 External debt ( percent of exports ) 196 104 150 164 42 42 140 Sovereign solvency risk Public debt ( percent of GDP ) 35 35 12 5 24 35 35 53 Public debt ( percent of revenues ) 155 58 89 27 186 154 ...
... ( percent of GDP ) 33 31 60 43 38 38 335 External debt ( percent of exports ) 196 104 150 164 42 42 140 Sovereign solvency risk Public debt ( percent of GDP ) 35 35 12 5 24 35 35 53 Public debt ( percent of revenues ) 155 58 89 27 186 154 ...
Altre edizioni - Visualizza tutto
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