Jump to ContentJump to Main Navigation
Economic and Financial Crises in Emerging Market Economies$
Users without a subscription are not able to see the full content.

Martin Feldstein

Print publication date: 2003

Print ISBN-13: 9780226241098

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226241104.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 28 June 2022

Creditor Relations

Creditor Relations

(p.459) 6 Creditor Relations
Economic and Financial Crises in Emerging Market Economies

William R. Cline

Guillermo Ortiz

Roberto G. Mendoza

Ammar Siamwalla

University of Chicago Press

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

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.