Other people's money :: debt denomination and financial instability in emerging market economies /
Annotation Recent crises in emerging markets have been heavily driven by balance-sheet or net-worth effects. Episodes in countries as far-flung as Indonesia and Argentina have shown that exchange rate adjustments that would normally help to restore balance can be destabilizing, even catastrophic, fo...
Gespeichert in:
| Weitere Verfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Chicago :
University of Chicago Press,
2005.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Annotation Recent crises in emerging markets have been heavily driven by balance-sheet or net-worth effects. Episodes in countries as far-flung as Indonesia and Argentina have shown that exchange rate adjustments that would normally help to restore balance can be destabilizing, even catastrophic, for countries whose debts are denominated in foreign currencies. Many economists instinctually assume that developing countries allow their foreign debts to be denominated in dollars, yen, or euros because they simply don't know better. Presenting evidence that even emerging markets with strong policies and institutions experience this problem, Other People's Moneyrecognizes that the situation must be attributed to more than ignorance. Instead, the contributors suggest that the problem is linked to the operation of international financial markets, which prevent countries from borrowing in their own currencies. A comprehensive analysis of the sources of this problem and its consequences, Other People's Moneytakes the study one step further, proposing a solution that would involve having the World Bank and regional development banks themselves borrow and lend in emerging market currencies. |
| Beschreibung: | 1 online resource (vii, 296 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780226194578 0226194574 |
Internformat
MARC
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| 245 | 0 | 0 | |a Other people's money : |b debt denomination and financial instability in emerging market economies / |c edited by Barry Eichengreen and Ricardo Hausmann. |
| 260 | |a Chicago : |b University of Chicago Press, |c 2005. | ||
| 300 | |a 1 online resource (vii, 296 pages) : |b illustrations | ||
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| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a The pain of original sin -- Must original sin cause macroeconomic damnation? -- A fiscal perspective on currency crises and "original sin" -- Original sin, balance-sheet crises, and the roles of international lending -- How original sin was overcome : the evolution of external debt denominated in domestic currencies in the United States and the British dominions, 1800-2000 -- Old sins : exchange clauses and European foreign lending in the nineteenth century -- Why do emerging economies borrow in foreign currency? -- Why do countries borrow the way they borrow? -- The mystery of original sin -- Original sin : the road to redemption. | |
| 588 | 0 | |a Print version record. | |
| 520 | 8 | |a Annotation Recent crises in emerging markets have been heavily driven by balance-sheet or net-worth effects. Episodes in countries as far-flung as Indonesia and Argentina have shown that exchange rate adjustments that would normally help to restore balance can be destabilizing, even catastrophic, for countries whose debts are denominated in foreign currencies. Many economists instinctually assume that developing countries allow their foreign debts to be denominated in dollars, yen, or euros because they simply don't know better. Presenting evidence that even emerging markets with strong policies and institutions experience this problem, Other People's Moneyrecognizes that the situation must be attributed to more than ignorance. Instead, the contributors suggest that the problem is linked to the operation of international financial markets, which prevent countries from borrowing in their own currencies. A comprehensive analysis of the sources of this problem and its consequences, Other People's Moneytakes the study one step further, proposing a solution that would involve having the World Bank and regional development banks themselves borrow and lend in emerging market currencies. | |
| 650 | 0 | |a Capital movements |z Developing countries. | |
| 650 | 0 | |a Debts, External |z Developing countries. | |
| 650 | 0 | |a Finance |z Developing countries. | |
| 650 | 0 | |a Monetary policy |z Developing countries. | |
| 650 | 6 | |a Mouvements de capitaux |z Pays en voie de développement. | |
| 650 | 6 | |a Dettes extérieures |z Pays en voie de développement. | |
| 650 | 6 | |a Finances |z Pays en voie de développement. | |
| 650 | 6 | |a Politique monétaire |z Pays en voie de développement. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a Capital movements |2 fast | |
| 650 | 7 | |a Debts, External |2 fast | |
| 650 | 7 | |a Finance |2 fast | |
| 650 | 7 | |a Monetary policy |2 fast | |
| 651 | 7 | |a Developing countries |2 fast | |
| 650 | 1 | 7 | |a Kapitaalverkeer. |2 gtt |
| 653 | |a International banking | ||
| 653 | |a Investments & investing | ||
| 653 | |a HG 3810-4000 Foreign exchange | ||
| 700 | 1 | |a Eichengreen, Barry J. | |
| 700 | 1 | |a Hausmann, Ricardo. | |
| 776 | 0 | 8 | |i Print version: |t Other people's money. |d Chicago : University of Chicago Press, 2005 |w (DLC) 2004015213 |
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Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBA-ocn649906176 |
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| _version_ | 1816881731220799488 |
| adam_text | |
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| author2 | Eichengreen, Barry J. Hausmann, Ricardo |
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| contents | The pain of original sin -- Must original sin cause macroeconomic damnation? -- A fiscal perspective on currency crises and "original sin" -- Original sin, balance-sheet crises, and the roles of international lending -- How original sin was overcome : the evolution of external debt denominated in domestic currencies in the United States and the British dominions, 1800-2000 -- Old sins : exchange clauses and European foreign lending in the nineteenth century -- Why do emerging economies borrow in foreign currency? -- Why do countries borrow the way they borrow? -- The mystery of original sin -- Original sin : the road to redemption. |
| ctrlnum | (OCoLC)649906176 |
| dewey-full | 332/.042/091724 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332/.042/091724 |
| dewey-search | 332/.042/091724 |
| dewey-sort | 3332 242 591724 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | ZDB-4-EBA-ocn649906176 |
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| indexdate | 2024-11-27T13:17:22Z |
| institution | BVB |
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| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (vii, 296 pages) : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | University of Chicago Press, |
| record_format | marc |
| spelling | Other people's money : debt denomination and financial instability in emerging market economies / edited by Barry Eichengreen and Ricardo Hausmann. Chicago : University of Chicago Press, 2005. 1 online resource (vii, 296 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 text file rdaft http://rdaregistry.info/termList/fileType/1002 Includes bibliographical references and index. The pain of original sin -- Must original sin cause macroeconomic damnation? -- A fiscal perspective on currency crises and "original sin" -- Original sin, balance-sheet crises, and the roles of international lending -- How original sin was overcome : the evolution of external debt denominated in domestic currencies in the United States and the British dominions, 1800-2000 -- Old sins : exchange clauses and European foreign lending in the nineteenth century -- Why do emerging economies borrow in foreign currency? -- Why do countries borrow the way they borrow? -- The mystery of original sin -- Original sin : the road to redemption. Print version record. Annotation Recent crises in emerging markets have been heavily driven by balance-sheet or net-worth effects. Episodes in countries as far-flung as Indonesia and Argentina have shown that exchange rate adjustments that would normally help to restore balance can be destabilizing, even catastrophic, for countries whose debts are denominated in foreign currencies. Many economists instinctually assume that developing countries allow their foreign debts to be denominated in dollars, yen, or euros because they simply don't know better. Presenting evidence that even emerging markets with strong policies and institutions experience this problem, Other People's Moneyrecognizes that the situation must be attributed to more than ignorance. Instead, the contributors suggest that the problem is linked to the operation of international financial markets, which prevent countries from borrowing in their own currencies. A comprehensive analysis of the sources of this problem and its consequences, Other People's Moneytakes the study one step further, proposing a solution that would involve having the World Bank and regional development banks themselves borrow and lend in emerging market currencies. Capital movements Developing countries. Debts, External Developing countries. Finance Developing countries. Monetary policy Developing countries. Mouvements de capitaux Pays en voie de développement. Dettes extérieures Pays en voie de développement. Finances Pays en voie de développement. Politique monétaire Pays en voie de développement. BUSINESS & ECONOMICS Finance. bisacsh Capital movements fast Debts, External fast Finance fast Monetary policy fast Developing countries fast Kapitaalverkeer. gtt International banking Investments & investing HG 3810-4000 Foreign exchange Eichengreen, Barry J. Hausmann, Ricardo. Print version: Other people's money. Chicago : University of Chicago Press, 2005 (DLC) 2004015213 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=322664 Volltext |
| spellingShingle | Other people's money : debt denomination and financial instability in emerging market economies / The pain of original sin -- Must original sin cause macroeconomic damnation? -- A fiscal perspective on currency crises and "original sin" -- Original sin, balance-sheet crises, and the roles of international lending -- How original sin was overcome : the evolution of external debt denominated in domestic currencies in the United States and the British dominions, 1800-2000 -- Old sins : exchange clauses and European foreign lending in the nineteenth century -- Why do emerging economies borrow in foreign currency? -- Why do countries borrow the way they borrow? -- The mystery of original sin -- Original sin : the road to redemption. Capital movements Developing countries. Debts, External Developing countries. Finance Developing countries. Monetary policy Developing countries. Mouvements de capitaux Pays en voie de développement. Dettes extérieures Pays en voie de développement. Finances Pays en voie de développement. Politique monétaire Pays en voie de développement. BUSINESS & ECONOMICS Finance. bisacsh Capital movements fast Debts, External fast Finance fast Monetary policy fast Kapitaalverkeer. gtt |
| title | Other people's money : debt denomination and financial instability in emerging market economies / |
| title_auth | Other people's money : debt denomination and financial instability in emerging market economies / |
| title_exact_search | Other people's money : debt denomination and financial instability in emerging market economies / |
| title_full | Other people's money : debt denomination and financial instability in emerging market economies / edited by Barry Eichengreen and Ricardo Hausmann. |
| title_fullStr | Other people's money : debt denomination and financial instability in emerging market economies / edited by Barry Eichengreen and Ricardo Hausmann. |
| title_full_unstemmed | Other people's money : debt denomination and financial instability in emerging market economies / edited by Barry Eichengreen and Ricardo Hausmann. |
| title_short | Other people's money : |
| title_sort | other people s money debt denomination and financial instability in emerging market economies |
| title_sub | debt denomination and financial instability in emerging market economies / |
| topic | Capital movements Developing countries. Debts, External Developing countries. Finance Developing countries. Monetary policy Developing countries. Mouvements de capitaux Pays en voie de développement. Dettes extérieures Pays en voie de développement. Finances Pays en voie de développement. Politique monétaire Pays en voie de développement. BUSINESS & ECONOMICS Finance. bisacsh Capital movements fast Debts, External fast Finance fast Monetary policy fast Kapitaalverkeer. gtt |
| topic_facet | Capital movements Developing countries. Debts, External Developing countries. Finance Developing countries. Monetary policy Developing countries. Mouvements de capitaux Pays en voie de développement. Dettes extérieures Pays en voie de développement. Finances Pays en voie de développement. Politique monétaire Pays en voie de développement. BUSINESS & ECONOMICS Finance. Capital movements Debts, External Finance Monetary policy Developing countries Kapitaalverkeer. |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=322664 |
| work_keys_str_mv | AT eichengreenbarryj otherpeoplesmoneydebtdenominationandfinancialinstabilityinemergingmarketeconomies AT hausmannricardo otherpeoplesmoneydebtdenominationandfinancialinstabilityinemergingmarketeconomies |