International Financial Crises: Efforts to Anticipate, Avoid, and Resolve Sovereign CrisesDIANE Publishing, 1998 - 100 pages Identifies factors that may increase or decrease the probability that a future sovereign financial crisis will threaten the stability of the international financial system. Identifies capital market & other mechanisms that are used to anticipate, avoid, & resolve crises as well as any limitations of these mechanisms. Also assesses initiatives that international financial institutions & others are developing to improve anticipation & avoidance mechanisms. Evaluates initiatives & proposals to improve methods of resolving sovereign financial crises. Charts & tables. |
Common terms and phrases
1994-95 financial crisis activation Anticipation and Avoidance Approaches Might Reduce Arrangements to Borrow avoid sovereign financial banking system billion bond covenants bondholder committee capital market participants capital markets commercial banks contagion effects country's Crises Have Limitations data dissemination standards debt debt-servicing problems debtor countries developing countries economic and financial emerging market countries Exchange Stabilization Fund financial assistance financial markets future sovereign financial Help Anticipate Help Stem Contagion Help Strengthen Crisis IMF Executive IMF staff initiatives and proposals international bankruptcy court international financial experts international financial system lending into arrears lines of credit loans Mechanisms That Help member countries Mexican moral hazard NAB participants official sector Paris Club payments percent portfolio investment Reduce U.S. Burden Resolution Improvement Approaches Resolve Sovereign Financial resolving crises sovereign financial crises Special Drawing Rights Strengthen Crisis Anticipation surveillance systemic risk Treasury officials told U.S. bankruptcy law U.S. dollars U.S. government
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Page 25 - Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States (ie the 'Ten' minus Belgium plus Switzerland).
Page 16 - Effective Exchange Rate* 93.1 84.2 83.2 84.8 100.8111.7117.3 128.7 •These composites are averages of individual country average rates, weighted for each year in proportion to the US dollar values of the respective GNPs in the preceding three years. The seven countries are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
Page 98 - Comments from the Department of the Treasury DEPARTMENT OF THE TREASURY WASHINGTON, DC 2O22O April 15, 2002 VIA FACSIMILE: (202) 512-9088 Mr.
Page 34 - The definition of direct investment (and as a consequence, the scope of portfolio and other investment) implies that a person in one country has a lasting interest in, and a degree of influence over, the management of a business enterprise in another country.
Page 96 - Domestic and foreign, as relevant, with a breakdown by currency, as relevant, and a breakdown by maturity; debt guaranteed by central government, as relevant Money aggregates, domestic credit by public and private sector, external position Reserve money, domestic claims on public and private sector, external position Short-term and long-term government security rates, policy variable rate Share price index, as relevant...
Page 38 - In order to fulfill its functions under (a) above, the Fund shall exercise firm surveillance over the exchange rate policies of members, and shall adopt specific principles for the guidance of all members with respect to those policies.
Page 22 - IMF's Articles of Agreements permit it to do 27The Bank for International Settlement is an organization of central banks that is based in Basle, Switzerland. It is the principal forum for consultation, cooperation, and information exchange among central bankers.
Page 59 - GDDS recommends: • dissemination of documentation on methodology and sources used in preparing statistics; and • dissemination of component detail, reconciliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness.
Page 1 - We are sending copies of this report to the Ranking Minority Member of your Committee, the Director of the Office of Management and Budget, and interested congressional committees.
Page 87 - Justice in the Case concerning Military and Paramilitary Activities in and against Nicaragua in 1986. The Court found that article 18, paragraph 1 (b_) "does no more thai codify customary international law" as part of the freedom of communications.