responding to financial crises in emerging economies /
First Statement of Responsibility
Nouriel Roubini and Brad Setser.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Washington, DC :
Name of Publisher, Distributor, etc.
Institute for International Economics,
Date of Publication, Distribution, etc.
2004.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
1 online resource (xiv, 427 pages) :
Other Physical Details
illustrations
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (pages 391-405) and index.
CONTENTS NOTE
Text of Note
New nature of emerging-market crises -- Analytical literature on crisis resolution -- Experience with bailouts and bail-ins -- Official policy toward crisis resolution -- Responding to liquidity shortages -- Seniority of sovereign debts -- Legal reform -- Recommendations for reform.
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SUMMARY OR ABSTRACT
Text of Note
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.
SYSTEM REQUIREMENTS NOTE (ELECTRONIC RESOURCES)
Text of Note
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
OTHER EDITION IN ANOTHER MEDIUM
Title
Bailouts or bail-ins?.
TOPICAL NAME USED AS SUBJECT
Debt-- Developing countries.
Financial crises-- Developing countries.
International finance.
Loans, Foreign-- Developing countries.
Crises financières-- Nouveaux pays industrialisés.
Dettes-- Nouveaux pays industrialisés.
Finances internationales.
Prêts étrangers-- Nouveaux pays industrialisés.
BUSINESS & ECONOMICS-- Economics-- Microeconomics.