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9780226194554

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Other People''s Money asks why some countries issue debt mostly in a foreign currency and therefore expose their balance sheets to the ebbs and flows of international finance. The essays approach the subject from multiple angles and are sure to be of interest to policymakers and sophisticated practitioners alike. Barry Eichengreen and Ricardo Hausmann wrap it up with a creative proposal that will no doubt stimulate lots of further discussion. The book is a must for those who care about instability in global finance. -- Arminio Fraga Arminio Fraga (10/05/2004)

Other People's Money asks why some countries issue debt mostly in a foreign currency and therefore expose their balance sheets to the ebbs and flows of international finance. The essays approach the subject from multiple angles and are sure to be of interest to policymakers and sophisticated practitioners alike. Barry Eichengreen and Ricardo Hausmann wrap it up with a creative proposal that will no doubt stimulate lots of further discussion. The book is a must for those who care about instability in global finance. --Arminio Fraga Arminio Fraga (10/05/2004)

Author Information

Barry Eichengreen is the George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. He is the author or coeditor of several books, most recently Capital Flows and Crises. Ricardo Hausmann is professor of the practice of economic development at the John F. Kennedy School of Government at Harvard University. He is a former chief economist of the Inter-American Development Bank and former minister of planning of Venezuela.

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