MARC Record from marc_columbia

LEADER: 05109cam a22005054a 4500
001 6273134
005 20221122014127.0
008 040706s2005 ilua b 001 0 eng
010 $a 2004015213
015 $aGBA481583$2bnb
016 7 $a013038985$2Uk
020 $a0226194558 (cloth : alk. paper)
020 $a9780226194554 (cloth : alk. paper)
035 $a(OCoLC)ocm55887438
035 $a(NNC)6273134
035 $a6273134
040 $aDLC$cDLC$dYDX$dUKM$dOCLCQ$dBAKER$dUWC$dNLGGC$dBTCTA$dYDXCP$dMUQ$dOrLoB-B
042 $apcc
043 $ad------
050 00 $aHG3891$b.O84 2005
082 00 $a332/.042/091724$222
084 $a83.44$2bcl
245 00 $aOther people's money :$bdebt denomination and financial instability in emerging market economies /$cedited by Barry Eichengreen and Ricardo Hausmann.
260 $aChicago :$bUniversity of Chicago Press,$c2005.
300 $avii, 296 pages :$billustrations ;$c24 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
504 $aIncludes bibliographical references and index.
505 00 $tIntroduction : debt denomination and financial instability in emerging market economies /$rBarry Eichengreen and Ricardo Hausmann -- $g1.$tThe pain of original sin /$rBarry Eichengreen, Ricardo Hausmann and Ugo Panizza -- $g2.$tMust original sin cause macroeconomic damnation? /$rLuis Felipe Cespedes, Roberto Chang and Andres Velasco -- $g3.$tA fiscal perspective on currency crises and original sin /$rGiancarlo Corsetti and Bartosz Mackowiak -- $g4.$tOriginal sin, balance-sheet crises, and the roles of international lending /$rOlivier Jeanne and Jeromin Zettelmeyer -- $g5.$tHow original sin was overcome : the evolution of external debt denominated in domestic currencies in the United States and the British dominions, 1800-2000 /$rMichael D. Bordo, Christopher M. Meissner and Angela Redish -- $g6.$tOld sins : exchange clauses and European foreign lending in the nineteenth century /$rMarc Flandreau and Nathan Sussman -- $g7.$tWhy do emerging economies borrow in foreign currency? /$rOlivier Jeanne -- $g8.$tWhy do countries borrow the way they borrow? /$rMarcos Chamon and Ricardo Hausmann -- $g9.$tThe mystery of original sin /$rBarry Eichengreen, Ricardo Hausmann and Ugo Panizza -- $g10.$tOriginal sin : the road to redemption /$rBarry Eichengreen and Ricardo Hausmann.
520 1 $a"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 that 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 by proposing a solution that would involve having the World Bank and regional development banks themselves borrow and lend in emerging market currencies." "Painstakingly researched, this volume combines case studies, mathematical analysis, historical analysis, and public policy to provide students, economists, policymakers, and others with a state-of-the-art overview of the debt denomination problem and its potential solutions."--BOOK JACKET.
650 0 $aCapital movements$zDeveloping countries.$0http://id.loc.gov/authorities/subjects/sh2008100084
650 0 $aDebts, External$zDeveloping countries.$0http://id.loc.gov/authorities/subjects/sh2008102078
650 0 $aFinance$zDeveloping countries.$0http://id.loc.gov/authorities/subjects/sh2008103734
650 0 $aMonetary policy$zDeveloping countries.$0http://id.loc.gov/authorities/subjects/sh2008107908
650 17 $aKapitaalverkeer.$2gtt
650 6 $aMouvements de capitaux$zPays en voie de développement.
650 6 $aDettes extérieures$zPays en voie de développement.
650 6 $aFinances$zPays en voie de développement.
650 6 $aPolitique monétaire$zPays en voie de développement.
700 1 $aEichengreen, Barry J.$0http://id.loc.gov/authorities/names/n81065103
700 1 $aHausmann, Ricardo.$0http://id.loc.gov/authorities/names/n91054435
856 42 $3Publisher description$uhttp://www.loc.gov/catdir/description/uchi052/2004015213.html
856 42 $3Contributor biographical information$uhttp://www.loc.gov/catdir/bios/uchi051/2004015213.html
856 41 $3Table of contents$uhttp://www.loc.gov/catdir/toc/ecip0419/2004015213.html
852 00 $bleh$hHG3891$i.O84 2005