Bailouts or Bail-Ins?: Responding to Financial Crises in Emerging Economies by Roubini, Nouriel

Bailouts or Bail-Ins?: Responding to Financial Crises in Emerging Economies (Paperback) (ISBN-13: 9780881323719)

Vendor: Nouriel Roubini
Product type: Books
Format: Paperback
$29.95
$29.95
$29.95
Subtotal: $29.95
Bailouts or Bail-Ins?: Responding to Financial Crises in Emerging Economies by Roubini, Nouriel

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

$29.95
Bailouts or Bail-Ins?: Responding to Financial Crises in Emerging Economies by Roubini, Nouriel

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

$29.95
Format: Paperback
Description
Description
x

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.

Author: Nouriel Roubini, Brad Setser
ISBN-10: 0881323713
ISBN-13: 9780881323719
Publisher: Peterson Institute for International Economic
Language: English
Published: 04/30/2004
Pages: 348
Format: Paperback
Weight: 1.35lbs
Size: 9.06h x 6.02w x 0.83d

Review Citation(s):
Choice 03/01/2005 pg. 1278
By Nouriel Roubini
By Nouriel Roubini
x

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics, an economic consultancy firm.

Brad Setser is an American economist and former blogger. A former staff economist at the United States Department of the Treasury, he worked at Roubini Global Economics Monitor, along with Nouriel Roubini. After leaving the RGE Monitor, Setser became a fellow at the Council of Foreign Relations, where (among other things) he was the author of the popular economics blog "Follow the Money" about global economic imbalances. In 2009, he took a position with the National Economic Council. In 2011, he moved to the United States Department of the Treasury, where he is the Deputy Assistant Secretary for International Economic Analysis.

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