Ebook290 pages6 hours
Other People's Money: Debt Denomination and Financial Instability in Emerging Market Economies
Rating: 0 out of 5 stars
()
About this ebook
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 Money recognizes 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 Money takes 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.
Presenting evidence that even emerging markets with strong policies and institutions experience this problem, Other People's Money recognizes 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 Money takes 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.
Read more from Barry Eichengreen
Globalizing Capital: A History of the International Monetary System - Third Edition Rating: 5 out of 5 stars5/5How Global Currencies Work: Past, Present, and Future Rating: 0 out of 5 stars0 ratings
Related to Other People's Money
Related ebooks
Financial Crises, Liquidity, and the International Monetary System Rating: 3 out of 5 stars3/5The Cul-de-Sac Syndrome: Turning Around the Unsustainable American Dream Rating: 3 out of 5 stars3/5International Borrowing by Developing Countries: Pergamon Policy Studies on International Development Rating: 0 out of 5 stars0 ratingsThe Power of Productivity: Wealth, Poverty, and the Threat to Global Stability Rating: 5 out of 5 stars5/5The Next Great Globalization: How Disadvantaged Nations Can Harness Their Financial Systems to Get Rich Rating: 0 out of 5 stars0 ratingsFinancial Crisis, Contagion, and Containment: From Asia to Argentina Rating: 5 out of 5 stars5/5The Financial System Limit: The world's real debt burden Rating: 4 out of 5 stars4/5Global Private Banking and Wealth Management: The New Realities Rating: 0 out of 5 stars0 ratingsThe Financial Domino Effect: How to Profit Now in the Volatile Global Economy Rating: 0 out of 5 stars0 ratingsSummary of John C. Bogle's Enough Rating: 0 out of 5 stars0 ratingsSweat Equity: Inside the New Economy of Mind and Body Rating: 4 out of 5 stars4/5The Why's of Economics: How Governments and Central Banks run the economy Rating: 0 out of 5 stars0 ratingsThe Secret Language of Financial Reports: The Back Stories That Can Enhance Your Investment Decisions Rating: 3 out of 5 stars3/5The Billionaire Raj: A Journey Through India's New Gilded Age by James Crabtree | Conversation Starters Rating: 0 out of 5 stars0 ratingsHow I Caused the Credit Crunch: An Insider's Story of the Financial Meltdown Rating: 3 out of 5 stars3/5Optimal Money Flow: A New Vision of How a Dynamic-Growth Economy Can Work for Everyone Rating: 0 out of 5 stars0 ratingsBrave New World Economy: Global Finance Threatens Our Future Rating: 0 out of 5 stars0 ratingsGovernance in the New Global Disorder: Politics for a Post-Sovereign Society Rating: 3 out of 5 stars3/5Efficiency and Competition in Chinese Banking Rating: 0 out of 5 stars0 ratingsTOO MUCH MONEY: Capitalism in twin crisis Rating: 0 out of 5 stars0 ratingsToxic Assets Rating: 4 out of 5 stars4/5W. Arthur Lewis and the Birth of Development Economics Rating: 5 out of 5 stars5/5The Economic Super Power China's Secret Strategy To Become The Global Superpower: China, #1 Rating: 0 out of 5 stars0 ratingsT R A N S F O R M A T I O N: THREE DECADES OF INDIA’S FINANCIAL AND BANKING SECTOR REFORMS (1991–2021) Rating: 0 out of 5 stars0 ratingsThe Courageous Investor: Investing for Bulls, Bears and Regular Folks Rating: 0 out of 5 stars0 ratingsBeyond Economic Man: Feminist Theory and Economics Rating: 0 out of 5 stars0 ratingsNation-States and the Multinational Corporation: A Political Economy of Foreign Direct Investment Rating: 0 out of 5 stars0 ratingsInternational Economic Cooperation Rating: 0 out of 5 stars0 ratingsInvest Wisely Rating: 0 out of 5 stars0 ratings
Business For You
Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 4 out of 5 stars4/5Crucial Conversations Tools for Talking When Stakes Are High, Second Edition Rating: 4 out of 5 stars4/5Robert's Rules Of Order Rating: 5 out of 5 stars5/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5Collaborating with the Enemy: How to Work with People You Don’t Agree with or Like or Trust Rating: 4 out of 5 stars4/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Leadership and Self-Deception: Getting out of the Box Rating: 4 out of 5 stars4/5The Five Dysfunctions of a Team: A Leadership Fable, 20th Anniversary Edition Rating: 4 out of 5 stars4/5The Catalyst: How to Change Anyone's Mind Rating: 4 out of 5 stars4/5Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Just Listen: Discover the Secret to Getting Through to Absolutely Anyone Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice Rating: 4 out of 5 stars4/5Lying Rating: 4 out of 5 stars4/5High Conflict: Why We Get Trapped and How We Get Out Rating: 4 out of 5 stars4/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5Emotional Intelligence: Exploring the Most Powerful Intelligence Ever Discovered Rating: 5 out of 5 stars5/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5Carol Dweck's Mindset The New Psychology of Success: Summary and Analysis Rating: 4 out of 5 stars4/5How to Get Ideas Rating: 5 out of 5 stars5/5
Reviews for Other People's Money
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Other People's Money - Barry Eichengreen
Enjoying the preview?
Page 1 of 1