trade cost
no-arbitrage band
Balassa-Samuelson effect
equilibrium real exchange rate
carry trade
peso problem
forecast error
rational expectations hypothesis
efficient markets hypothesis
inefficient market
limits to arbitrage
excess return
Sharpe ratio
sovereign default
contingent claim
repayment threshold
Global Financial Crisis
Great Recession
global imbalances
savings glut
undervalued exchange rates
too-easy monetary policy
failure of regulation and supervision. p. 499
government failure
market failure