Chapter

Creditor Relations

William R. Cline, Guillermo Ortiz, Roberto G. Mendoza and Ammar Siamwalla

in Economic and Financial Crises in Emerging Market Economies

Published by University of Chicago Press

Published in print February 2003 | ISBN: 9780226241098
Published online February 2013 | e-ISBN: 9780226241104 | DOI: http://dx.doi.org/10.7208/chicago/9780226241104.003.0007
Creditor Relations

Show Summary Details

Preview

This chapter examines the role of credit relations and of the private sector in resolving financial crises in emerging market economies. It suggests that the most relevant approach in keeping with an understanding of today's international capital markets is one that seeks to involve private creditors on as voluntary a basis as possible. This chapter considers the design of crisis resolution approaches in the context of the economic theory about sovereign lending. It also evaluates some prominent proposals for reform and describes the possible future composition of lending to emerging markets.

Keywords: credit relations; private sector; financial crises; emerging market economies; capital markets; private creditors; crisis resolution; economic theory; sovereign lending

Chapter.  25335 words. 

Subjects: International Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.