Bailouts or Bail-Ins? - Responding to Financial Crises in Emerging Economies (Paperback, New)

Roughly once a year, the managing director of the International Monetary Fund, the U.S. 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.

General

Imprint:	The Peterson Institute for International Economics
Country of origin:	United States
Release date:	April 2004
First published:	August 2004
Authors:	Nouriel Roubini • Brad Setser
Dimensions:	230 x 153 x 28mm (L x W x T)
Format:	Paperback
Pages:	348
Edition:	New
ISBN-13:	978-0-88132-371-9
Categories:	Books > Business & Economics > Economics > International economics > General Books > Business & Economics > Economics > Economic systems > General Promotions
LSN:	0-88132-371-3
Barcode:	9780881323719

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