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Predictable

Other People's Money: Debt Denomination and Financial Instability in Emerging Market Economies
University of Chicago Press, 2005.

Ricardo Hausmann, Professor of the Practice of Economic Development, John F. Kennedy School of Government.
 

Barry Eichengreen, Professor 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.

Meet Professor Hausmann

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    Copyright 2005 by the President and Fellows of Harvard College.