ABSTRACT
Private sector involvement (PSI) in financial crises resolution is certainly one of the central practical and policy topics in the current thinking about the international financial system. William Cline’s chapter is very useful as it not only reviews the many issues that are under debate, but also derives some estimates of PSI, starting with the Thai crisis of 1997. Using a narrow definition, the result is that approximately $240 billion were drawn in that context. There can be no doubt that this is a substantial amount which, when put together with official support, delivers an even higher amount of funds aimed at the resolution of these crises.
