Bailouts or Bail-Ins? Responding to Financial Crises in Emerging Economies
Bibliographic Data
| ID | 9823930 |
|---|---|
| Authors | Richard N Cooper (corresponding author), Nouriel Roubini, Brad Setser |
| Year | 2005 |
| Volume | 84 |
| Issue | 2 |
| Pages | 153 |
| Publication date | 2005-01-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Foreign Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0015-7120 • E-ISSN: 2327-7793 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/20034296 |
| OpenAlex | W3124086563 |
| Language | EN |
| Citations received | 17 |
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
Business · Economics · Economy · Emerging markets · Financial system · Monetary economics · Finance · Global Financial Crisis and Policies
Empowering women in central banking
Cross of Euros
The Common Framework and its Discontents
IMF conditionality and the economic exposure of its shareholders
Policy Options for the Euro
The Political Economy of Bilateral Bailouts
Don’t Crunch My Credit’
International burden-sharing during a financial crisis
The Centrality of Finance
Assets or liabilities? The politics of bank ownership
What life after default? Time horizons and the outcome of the Argentine debt restructuring deal
When do foreign banks ‘cut and run’? Evidence from west European bailouts and east European markets
What finance wants
The Determinants of the Economic Crisis in Post-Socialist Europe
Central and East European Bank Responses to the Financial ‘Crisis’
Government Policy Responses to Financial Crises
Developments in the Economies of Member States Outside the Eurozone
| Unique citing works | 17 |
|---|---|
| Citations per year | 0,89 |
| Citation span | 2007 - 2025 (19) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 15 |