Other People's Money
Subtitle: Debt Denomination and Financial Instability in Emerging Market Economies
Contributors: Barry Eichengreen (Editor); Ricardo Hausmann (Editor)
Publisher: University Of Chicago Press; University of Chicago Press
Published: February 15, 2005
Language: eng
Format: Hardcover
Number of pages: 304
ISBN-13: 9780226194554
Subjects: Credit & credit institutions; Public finance; Business & Economics; Business / Economics / Finance; Business/Economics; Developing countries; Business & Economics / General; General; Capital movements; Debts, External; Finance; Monetary policy
Description: Many economists instinctivally assume that developing countries allow their foreign debts to be denominated in dollars, yen, or euros because they simply don't know any better. This book recognizes that the situation must be attributed to more than ignorance.