Bailouts Or Bail-Ins?: Responding to Financial Crises in Emerging Economies

Bailouts Or Bail-Ins?: Responding to Financial Crises in Emerging Economies
ISBN-10
0881325309
ISBN-13
9780881325300
Category
Business & Economics
Pages
348
Language
English
Published
2004-04-30
Publisher
Peterson Institute
Authors
Nouriel Roubini, Brad Setser

Description

The study calls for a two-track strategy: first, deep multilateral liberalization involving phased but complete elimination of industrial-county protection and deep reduction of protection by at least the middle-income developing countries, albeit on a more gradual schedule; and second, immediate free entry for imports from high risk low-income countries (heavily indebted poor countries, least developed countries, and sub-Saharan Africa), coupled with a 10-year tax holiday for direct investment in these countries.

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