ABSTRACT
Financial crises have dogged the international monetary system over recent years. They have impoverished millions of people around the world, especially within developing countries. And they have called into question the very process of globalization. Yet there remains no intellectual consensus on how best to avert such crises, much less resolve th
TABLE OF CONTENTS
part |2 pages
Part I Introduction
part |2 pages
Part II Why involve the private sector?
chapter 5|34 pages
Private sector involvement in financial crisis resolution
Definition, measurement and implementation
part |2 pages
Part III How to involve the private sector?
part |2 pages
Part IV Contractual resolution of financial crises
chapter 13|24 pages
Sovereign bond restructuring
Collective action clauses and official crisis intervention
part |2 pages
Part V Statutory resolution of financial crises
part |2 pages
Part VI The road ahead