32. In Stage Three of a financial crisis in an emerging market economy, the currency mismatch refers to ________.

Select one:

a. the fact that most debt in emerging market economies is denominated in U.S. dollars

b. the mismatch between the currency of the stock and bond markets

c. the mismatch between size of the actual notes and the high price levels need to buy basic goods

d. the difference in the currency FX markets over time

31. The experience with financial crises in emerging market economies suggests a number of government policies that can help make financial crises in emerging market countries less likely, including

Select one:

a. limiting the currency mismatch.

b. only B and C of the above.

c. all of the above.

d. better bank risk disclosure.

e. rapid financial liberalization.