Ranciere, Romain; Tornell, Aaron; Vamvakidis, Athanasios - In: Economic Policy 25 (2010) 10, pp. 597-658
"Currency mismatch is a vehicle that exposes the economy to systemic risk, but it is also an engine of growth. We analyse this dual role at the macro and the micro levels. At the aggregate level, we construct a new measure of currency mismatch in the banking sector that controls for bank lending...