Crisis? What Crisis?: Orderly Workouts for Sovereign Debtors

Crisis? What Crisis?: Orderly Workouts for Sovereign Debtors image
ISBN-10:

1898128235

ISBN-13:

9781898128236

Released: Oct 01, 1995
Format: Paperback, 134 pages
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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.

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