Table of contents for Private sector involvement and international financial crises : an analytical perspective / Michael Chui and Prasanna Gai.

Bibliographic record and links to related information available from the Library of Congress catalog.

Note: Contents data are machine generated based on pre-publication provided by the publisher. Contents may have variations from the printed book or be incomplete or contain other coding.


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Contents
List of Figures
List of Tables
1. Introduction 1
1.1. The modern debate on the international financial architecture 1
1.2. Setting the scene--Korea, 1997-98 3
1.3. Method and plan 9
PART I. THE ANALYTICS OF CRISIS
2. Overview: Causes, Costs, and Prediction 15
3. Sunspot-Based Models 23
3.1. Basics of coordination games 23
3.2. Currency crises 25
3.3. Bank runs 29
4. Fundamentals-Based Models 35
4.1. Timimg of crises 35
4.2. Optimal crises 38
4.3. The role of costly liquidation 44
5. Reconciling the Two Views 47
5.1. Basics of global games 47
5.2. Sovereign liquidity crises 51
5.3. Costs of coordination failure 55
6. Crisis Costs and Incentives to Repay Sovereign Debt 61
6.1. Willingness to pay 61
6.2. Exclusion from future access to credit 63
6.3. Direct sanctions and reputation 65
7. Spotting Financial Crises 71
7.1. Early warning models 71
7.2. Evaluation of early warning models 87
7.3. Anticipating crisis spillovers 96
PART II. REFORMING THE INTERNATIONAL FINANCIAL ARCHITECTURE
8. Overview: Dealing with Crises 105
9. Sovereign Debt Workouts 117
9.1. Balancing crisis costs and moral hazard 117
9.2. The role of the official sector 120
9.3. Contractual mechanisms 127
10. Open Issues 135
10.1. Rushes for the exits 135
10.2. Is official lending catalytic? 145
10.3. Effects of international rescues on debtor moral hazard 151
11. The 'Original Sin' Problem 167
11.1. Reputation and the currency composition of debt 167
11.2. The value of reputation 173
11.3. Building trust 176
12. Next Steps in the Debate 183
Appendix
A First-order differential equation 187
B Conditional distributions 191
Bibiliography 195
Index 205

Library of Congress Subject Headings for this publication:

Financial crises.
International finance.