Crisis? What Crisis? Orderly Workouts for Sovereign Debtors
- ISBN-10
- 1898128235
- ISBN-13
- 9781898128236
- Pages
- 134
- Language
- English
- Published
- 1995
- Publisher
- Centre for Economic Policy Research
- Authors
- Barry J. Eichengreen, Richard Portes
Description
The Mexican Crisis of 1994/5 came as a rude surprise to the international policy-making community. It revealed serious confusion over how markets, governments, and multilateral institutions like the International Monetary Fund should deal with financial crises in heavily-indebted developing economies. It laid bare a remarkable lack of planning for financial crises in today's world of globalized bond and equity markets. This report analyses various approaches to coping better with Mexico-style crises.
Get the book
Similar books
-
Resolving Sovereign Debt Crises: Towards a Fair and Transparent International Insolvency Framework
By Jürgen KaiserResolving Sovereign Debt Crises: Towards a Fair and Transparent International Insolvency Framework
-
From Halifax to Lyons: What Has Been Done about Crisis Management?
By Lawrence H. Summers, Peter B. KenenFrom Halifax to Lyons: What Has Been Done about Crisis Management?
-
Coping with International Capital Flows
By David Vines, Richard PortesThis book identifies key concerns about the sustainability and volatility of these flows, and makes a number of recommendations for national macroeconomics management, including crisis prevention measures.
-
Sovereign Debt Restructurings 1950-2010: Literature Survey, Data, and Stylized Facts
By Mr.Michael G Papaioannou, Mr.Udaibir S. Das, Christoph TrebeschThis is the first complete dataset of sovereign restructuring cases, covering the six decades from 1950–2010; it includes 186 debt exchanges with foreign banks and bondholders, and 447 bilateral debt agreements with the Paris Club.
-
Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises
By Joseph E. Stiglitz, José Antonio Ocampo, Martin GuzmanProviding guidance for those who intend to take up reform, this book assesses the relative merits of various debt-restructuring proposals, especially in relation to the main deficiencies of the current nonsystem.
-
The Resolution of Sovereign Liquidity Crises: A Report to the Ministers and Governors
The Resolution of Sovereign Liquidity Crises: A Report to the Ministers and Governors
-
Global Waves of Debt: Causes and Consequences
By Franziska Ohnsorge, M. Ayhan Kose, Peter NagleThe global economy has experienced four waves of rapid debt accumulation over the past 50 years.
-
Sovereign Debt: A Guide for Economists and Practitioners
By Kenneth Rogoff, S. Ali Abbas, Alex PienkowskiThe last time global sovereign debt reached the level seen today was at the end of the Second World War, and this shaped a generation of economic policymaking.
-
Fixing Financial Crises in the 21st Century
By Andrew HaldaneFinancial crises have dogged the international monetary system over recent years. They have impoverished millions of people around the world, especially within developing countries.
-
Early Ideas on Sovereign Bankruptcy Reorganization: A Survey
By Mr.Kenneth Rogoff, Mr.Jeronimo Zettelmeyer... Eduardo Borensztein , Andy Haldane , Thomas Laryea , Christoph Rosenberg , Rupert Thorne and Hung Tran for comments and Barry Eichengreen and Sean Hagan for pointing us to some of the references discussed in this survey .