1. (Section 21.1) Table 21.1 shows that currency crises lead to sharp falls in GDP growth. Why do you think this is? XXXXXXXXXX, 21.9) If emerging markets were to completely abandon their own currency...

1. (Section 21.1) Table 21.1 shows that currency crises lead to sharp falls in GDP growth. Why do you think this is?

2. (21.4, 21.9) If emerging markets were to completely abandon their own currency and dollarize, would this help them overcome their debt intolerance?

May 26, 2022

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