Recent work by Morris Goldstein and Philip Turner (2004) puts the emphasis on currency mismatch problems in emerging market economies, cases where borrowers have liabilities that must be serviced in foreign currency whereas revenues are denominated in domestic currency. They conclude that the loss given stress (in particular, currency depreciation) is positively related to the degree of currency mismatch in the debtor economy.
We should note that, although the money in circulation in the hands of the general public has increased from 4.2 to 6.5 of the GDP, banking services are still not widely used. There is  6  BIS Review 62/2004  0.5 account per inhabitant, while in other countries there are 2.7 accounts.