Best Seller Controlling Currency Mismatches in Emerging Markets

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Controlling Currency Mismatches in Emerging Markets
By:Morris Goldstein,Philip Turner
Published on 2004 by Peterson Institute

This book addresses a vulnerability that has been present in virtually every major financial crisis in emerging markets over the past decade: currency mismatches. By |currency mismatch,| the authors mean the sensitivity of an entity's net worth or net income to changes in the exchange rate. The authors note that the countries that have experienced the largest currency mismatches have typically been the ones that have suffered the largest output losses during crises. In addition, they explain how currency mismatches can adversely constrain the scope for cuts in interest rates during a crisis and can contribute to a |fear of floating| in the conduct of exchange rate policy. Drawing these strands together, the authors construct a new measure of what they call |aggregate effective currency mismatch| -- or AECM -- and show how it has behaved for 22 emerging economies over the 19942002 period.

This Book was ranked at 25 by Google Books for keyword Currency.

Book ID of Controlling Currency Mismatches in Emerging Markets's Books is A623AAAAIAAJ, Book which was written byMorris Goldstein,Philip Turnerhave ETAG "ihJ9aCB8Vbw"

Book which was published by Peterson Institute since 2004 have ISBNs, ISBN 13 Code is 9780881323603 and ISBN 10 Code is 0881323608

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Book which have "164 Pages" is Printed at BOOK under CategoryBusiness and Economics

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