Other People's Money
Debt Denomination and Financial Instability in Emerging Market Economies
304 pages, 38 line drawings, 62 tables 6 x 9
©
2005
Cloth $59.00
ISBN: 9780226194554
Published February 2005
Acknowledgments Introduction: Debt Denomination and Financial Instability in Emerging Market Economies Barry Eichengreen and Ricardo Hausmann 1. The Pain of Original Sin Barry Eichengreen, Ricardo Hausmann, and Ugo Panizza 2. Must Original Sin Cause Macroeconomic Damnation? Luis Felipe Céspedes, Roberto Chang, and Andrés Velasco 3. A Fiscal Perspective on Currency Crises and "Original Sin" Giancarlo Corsetti and Bartosz Mackowiak 4. Original Sin, Balance-Sheet Crises, and the Roles of International Lending Olivier Jeanne and Jeromin Zettelmeyer 5. How Original Sin Was Overcome: The Evolution of External Debt Denominated in Domestic Currencies in the United States and the British Dominions, 1800-2000 Michael D. Bordo, Christopher M. Meissner, and Angela Redish 6. Old Sins: Exchange Clauses and European Foreign Lending in the Nineteenth Century Marc Flandreau and Nathan Sussman 7. Why Do Emerging Economies Borrow in Foreign Currency? Olivier Jeanne 8. Why Do Countries Borrow the Way They Borrow? Marcos Chamon and Ricardo Hausmann 9. The Mystery of Original Sin Barry Eichengreen, Ricardo Hausmann, and Ugo Panizza 10. Original Sin: The Road to Redemption Barry Eichengreen and Ricardo Hausmann List of Contributors Index
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