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Private Sector Involvement and International Financial Crises
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Private Sector Involvement and International Financial Crises: An Analytical Perspective

Michael Chui and Prasanna Gai

Abstract

This book offers an analytical perspective on the policy debate on the design and reform of the international financial architecture. It stresses the role played by coordination 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 draws on recent research and policy work to examine the debate on the design of sovereign bankruptcy procedures, the role of the IMF in influencing the actions of creditors and debtors, and the role of private sector involvement in t ... More

Keywords: coordination problems, currency crises, financial crises, global games, IMF, international financial architecture, private sector involvement, sovereign bankruptcy procedures, sovereign debt

Bibliographic Information

Print publication date: 2005 Print ISBN-13: 9780199267750
Published to Oxford Scholarship Online: July 2005 DOI:10.1093/0199267758.001.0001

Authors

Affiliations are at time of print publication.

Michael Chui, author
Hong Kong Monetary Authority

Prasanna Gai, author
Australian National University and Bank of England
Author Webpage