Currency mismatching occurs when assets and liabilities are denominated in different currencies such that net worth is sensitive to changes in the exchange rate. Goldstein (Institute for International Economics) and Turner (Bank for International Settlements) summarize what is known about the origins of currency mismatching in emerging economies, discuss how best to define and measure currency mismatching, examine weaknesses in economics policies and institutions in emerging markets, and review policy options for reducing the problem in emerging economies. Annotation 2004 Book News, Inc., Portland, OR (booknews.com)
