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 91
Pagina
... creditors to defer payments , the coun- try would default . Few international economic issues have generated more controversy among policymakers than ... lending . Authors Nouriel Roubini and Brad Setser argue that private creditors ix.
... creditors to defer payments , the coun- try would default . Few international economic issues have generated more controversy among policymakers than ... lending . Authors Nouriel Roubini and Brad Setser argue that private creditors ix.
Pagina
... private creditors have contributed far more emergency financing in recent crisis cases than is commonly realized - and hence that the story of crisis response since Mexico is not one of all bailouts and no bail - ins . They also ...
... private creditors have contributed far more emergency financing in recent crisis cases than is commonly realized - and hence that the story of crisis response since Mexico is not one of all bailouts and no bail - ins . They also ...
Pagina
... private creditors , annual data 382 Table A.3 Summary of past restructuring cases 383 Figures Figure 1.1 IMF loans ... private debt flows to emerging markets , 1993-2004 Figure 9.2 Matrix formulation of crisis resolution approach 9 10 ...
... private creditors , annual data 382 Table A.3 Summary of past restructuring cases 383 Figures Figure 1.1 IMF loans ... private debt flows to emerging markets , 1993-2004 Figure 9.2 Matrix formulation of crisis resolution approach 9 10 ...
Pagina 3
... creditors who lent at high spreads to shaky emerging economies . Former US Treasury Secretary Robert Rubin has said that if he had his druthers , he would not have lent a " nickel " to bail out private creditors . He also has noted that ...
... creditors who lent at high spreads to shaky emerging economies . Former US Treasury Secretary Robert Rubin has said that if he had his druthers , he would not have lent a " nickel " to bail out private creditors . He also has noted that ...
Pagina 6
... creditors . Third , the choice between a bailout and a bail - in , one that is often dis- cussed under the euphemistic banner of whether " to involve " the private sector in crisis resolution , has rightly been called the most difficult ...
... creditors . Third , the choice between a bailout and a bail - in , one that is often dis- cussed under the euphemistic banner of whether " to involve " the private sector in crisis resolution , has rightly been called the most difficult ...
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