The relative absence of mismatch was one of the reasons why emerging markets did much better when their currencies depreciated in 2008-2009 than in past crises. Exceptions like Hungary, where homeowners had foolishly borrowed in seemingly cheap euros and Swiss francs, proved the rule.
2008-2009年新兴市场货币贬值时错配问题没那么严重是新兴国家日子好过的合理解释。但也存在匈牙利这样的特例，那里的房主愚蠢地借入了看似便宜的欧元和瑞士法郎贷款，又一次证明了这条颠扑不破的真理。