Other People's Money:
and Financial Instability in Emerging Market Economies
Chicago Press, 2005.
Professor of the Practice of
Economic Development, John F. Kennedy School of Government.
of Economics and Political Science,
University of California, Berkeley.
"To paraphrase an old
lament, everybody talks about the international financial
architecture, but nobody does anything
about it. Barry Eichengreen and Ricardo Hausmann are doing
something about it. Eichengreen's proposals to ease debt
restructuring in crises have already influenced the form of
contracts. Hausmann, meanwhile, originated the phrase
'original sin' to describe a root cause of the crises; debt
denominated in foreign currency. In Other People's Money;
they now offer an innovative blueprint to remedy the problem"
-- Jeffrey Frankel, Harvard University.