Matches in SemOpenAlex for { <https://semopenalex.org/work/W3140597096> ?p ?o ?g. }
Showing items 1 to 71 of
71
with 100 items per page.
- W3140597096 abstract "Offering an analytical perspective on the design and reform of the international financial architecture, this book stresses the important role played by creditor co-ordination problems in the origin and management of crises by relating the insights of the new literature on global games to earlier work on currency crises, bank runs, and sovereign debt default. It examines the design of sovereign bankruptcy procedures, the role of the IMF in influencing creditors and debtor countries, and the currency composition of sovereign debt, and draws on recent research and policy work. The book's first part provides a critical synthesis of the literature underpinning the architecture debate. It reviews the traditional distinction between fundamentals-based and sunspot-based crises before reconciling the two using global game methods. The role of co-ordination problems in sparking costly liquidation and influencing the debtor's incentives to repay is then examined in depth and shown to lie at the heart of crisis management policy. The empirical literature on leading indicators of crisis is also critically examined and related to the architecture debate. In its second part the book examines key issues in crisis management. Suggesting that optimal reforms must set the inefficiencies of crisis against the inefficiencies of debtor moral hazard, the authors consider the relative merits of statutory and contractual solutions to sovereign debt workouts. They go on to discuss the role of the IMF in influencing private lending and debtor moral hazard, theoretically and empirically. They argue that there is no simple relationship between ex post crisis management and ex ante moral hazard, implying that the handling of financial crises is a delicate affair warranting a cautious approach by would-be architects." @default.
- W3140597096 created "2021-04-13" @default.
- W3140597096 creator A5035813828 @default.
- W3140597096 creator A5060977795 @default.
- W3140597096 date "2005-01-01" @default.
- W3140597096 modified "2023-09-23" @default.
- W3140597096 title "Private Sector Involvement and International Financial Crises: An Analytical Perspective" @default.
- W3140597096 hasPublicationYear "2005" @default.
- W3140597096 type Work @default.
- W3140597096 sameAs 3140597096 @default.
- W3140597096 citedByCount "0" @default.
- W3140597096 crossrefType "posted-content" @default.
- W3140597096 hasAuthorship W3140597096A5035813828 @default.
- W3140597096 hasAuthorship W3140597096A5060977795 @default.
- W3140597096 hasConcept C10138342 @default.
- W3140597096 hasConcept C120527767 @default.
- W3140597096 hasConcept C139719470 @default.
- W3140597096 hasConcept C141121606 @default.
- W3140597096 hasConcept C144133560 @default.
- W3140597096 hasConcept C159091798 @default.
- W3140597096 hasConcept C162324750 @default.
- W3140597096 hasConcept C2778300220 @default.
- W3140597096 hasConcept C2780202544 @default.
- W3140597096 hasConcept C2780414751 @default.
- W3140597096 hasConcept C29122968 @default.
- W3140597096 hasConcept C34447519 @default.
- W3140597096 hasConcept C504631918 @default.
- W3140597096 hasConcept C556758197 @default.
- W3140597096 hasConcept C73283319 @default.
- W3140597096 hasConceptScore W3140597096C10138342 @default.
- W3140597096 hasConceptScore W3140597096C120527767 @default.
- W3140597096 hasConceptScore W3140597096C139719470 @default.
- W3140597096 hasConceptScore W3140597096C141121606 @default.
- W3140597096 hasConceptScore W3140597096C144133560 @default.
- W3140597096 hasConceptScore W3140597096C159091798 @default.
- W3140597096 hasConceptScore W3140597096C162324750 @default.
- W3140597096 hasConceptScore W3140597096C2778300220 @default.
- W3140597096 hasConceptScore W3140597096C2780202544 @default.
- W3140597096 hasConceptScore W3140597096C2780414751 @default.
- W3140597096 hasConceptScore W3140597096C29122968 @default.
- W3140597096 hasConceptScore W3140597096C34447519 @default.
- W3140597096 hasConceptScore W3140597096C504631918 @default.
- W3140597096 hasConceptScore W3140597096C556758197 @default.
- W3140597096 hasConceptScore W3140597096C73283319 @default.
- W3140597096 hasLocation W31405970961 @default.
- W3140597096 hasOpenAccess W3140597096 @default.
- W3140597096 hasPrimaryLocation W31405970961 @default.
- W3140597096 hasRelatedWork W1480204206 @default.
- W3140597096 hasRelatedWork W1481062822 @default.
- W3140597096 hasRelatedWork W1510064675 @default.
- W3140597096 hasRelatedWork W1567437447 @default.
- W3140597096 hasRelatedWork W1588080981 @default.
- W3140597096 hasRelatedWork W185064397 @default.
- W3140597096 hasRelatedWork W1971947042 @default.
- W3140597096 hasRelatedWork W2005776186 @default.
- W3140597096 hasRelatedWork W2018215763 @default.
- W3140597096 hasRelatedWork W2102680747 @default.
- W3140597096 hasRelatedWork W2129408157 @default.
- W3140597096 hasRelatedWork W221349453 @default.
- W3140597096 hasRelatedWork W2899359976 @default.
- W3140597096 hasRelatedWork W2992801450 @default.
- W3140597096 hasRelatedWork W3124063771 @default.
- W3140597096 hasRelatedWork W3147120329 @default.
- W3140597096 hasRelatedWork W3165598197 @default.
- W3140597096 hasRelatedWork W3170450051 @default.
- W3140597096 hasRelatedWork W3174767490 @default.
- W3140597096 hasRelatedWork W2127487597 @default.
- W3140597096 isParatext "false" @default.
- W3140597096 isRetracted "false" @default.
- W3140597096 magId "3140597096" @default.
- W3140597096 workType "article" @default.