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On the Determinants of Aggregate Currency Mismatch

  • 작성일2011/10/05
  • 분류분류없음
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Currency mismatch has been a serious threat to financial stability and sustainable economic growth in developing and emerging countries. Almost all emerging-market financial crises of the 1990s were marked by currency mismatch exposures (Allen et al., 2002). Roughly defined at the national level, currency mismatch occurs when there is a net debt to foreigners denominated in foreign currency.
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