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| Bailouts or Bail-Ins: Responding to Financial Crises in Emerging Markets | 
 enlarge | Authors: Nouriel Roubini, Brad Setser
Publisher: Peterson Institute
Category: Book
List Price: $28.95
Buy New: $26.95
You Save: $2.00 (7%)
Buy New/Used from $20.51
Avg. Customer Rating:  (1 reviews)
Sales Rank: 35342
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 427
Shipping Weight (lbs): 1.1
Dimensions (in): 8.9 x 6 x 0.9
ISBN: 0881323713
Dewey Decimal Number: 338.543
EAN: 9780881323719
ASIN: 0881323713
Publication Date: August 2004
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
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.
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| Customer Reviews:
One of the best.... February 24, 2007
6 out of 20 found this review helpful
I don't know where to begin with this review, but I just wanted to say this is one of the best books on the subject and anyone interested in global economics and markets should read this book.
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