Kindleberger, Kenen, Krugman

Note to creditors,   PLEASE reread:
Kindleberger  on trade theory and the balance of pyaments
Kenen on custom and currency unions
Krugman on econonomic geography, more than as the latter day Keynes

Balance of payments crises are not all alike.
Some are much worse.

(ps. do all economist names have to start with k?)
See the good crisis in http://krugman.blogs.nytimes.com/2015/06/24/donkey-kong-economics/ and
Krugman battles the austerians http://www.bloomberg.com/graphics/2015-krugman-battles-austerians/