In most of the currency crises of the 1990s, the largest output falls have occurred in those
emerging economies with large currency mismatches, a phenomenon that occurs when …

Emerging markets firms often carry foreign-currency debt on their balance sheets. Following
a depreciation, the expanding “peso” value of “dollar” liabilities could, via a net-worth effect …

This overview paper examines two main issues. The first is why the exchange rate matters,
especially for emerging market economies. The second is under what circumstances and …

In this analysis Morris Goldstein examines currency regime choices for emerging economies
that are heavily involved with private capital markets. The author argues that the best regime …

For a private corporation, or a commercial bank, accounting data are a means by which
management accounts to shareholders for its performance. In these cases performance is …

The purpose of this paper is to analyse some of the important issues concerning the
corporate governance of banks and financial institutions and the related issues of financial …

This paper identifies the institutional and operational requisites for transitions to floating
exchange rate regimes. In particular, it explores key issues underlying the transition …

This paper applies stochastic simulation methods to assess debt sustainability in emerging
market economies and provide probability measures for projections of the external and …

Using a vector error correction approach, I estimate Austria's demand for international
reserves over the period 1985: 1–1997: 4 and test for short‐run effects of the disequilibrium …

This paper investigates the debt-growth nexus by testing both the impact of aggregate public
debt on economic growth and the relative impact of domestic and foreign public debt on …