Exchange Rate Crises in Developing Countries

The Political Role of the Banking Sector

Nonfiction, Social & Cultural Studies, Political Science, International, International Relations
Cover of the book Exchange Rate Crises in Developing Countries by Michael G. Hall, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Michael G. Hall ISBN: 9781351158428
Publisher: Taylor and Francis Publication: January 18, 2018
Imprint: Routledge Language: English
Author: Michael G. Hall
ISBN: 9781351158428
Publisher: Taylor and Francis
Publication: January 18, 2018
Imprint: Routledge
Language: English

According to many economists, the increasing mobility of capital across borders has made it more costly to peg exchange rates. This phenomenon has contributed to some of the more famous examples of exchange rate crises in recent times, such as the Mexican peso crisis in 1994 and the Asian financial crisis in 1997. Yet despite the increasing costs of pegging in today's accelerated financial markets, some developing countries try to maintain a peg for as long as they can. This work is the first to theorize the role of bankers as a domestic interest group involved in exchange rate policy. It adds to our understanding of how interest groups affect economic policy in developing countries and explains why some of the largest and fastest growing economies in the developing world were the most prone to crisis. The volume also refines our understanding of the 'hollowing-out thesis', the argument that increasing capital mobility is forcing states to abandon pegging.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

According to many economists, the increasing mobility of capital across borders has made it more costly to peg exchange rates. This phenomenon has contributed to some of the more famous examples of exchange rate crises in recent times, such as the Mexican peso crisis in 1994 and the Asian financial crisis in 1997. Yet despite the increasing costs of pegging in today's accelerated financial markets, some developing countries try to maintain a peg for as long as they can. This work is the first to theorize the role of bankers as a domestic interest group involved in exchange rate policy. It adds to our understanding of how interest groups affect economic policy in developing countries and explains why some of the largest and fastest growing economies in the developing world were the most prone to crisis. The volume also refines our understanding of the 'hollowing-out thesis', the argument that increasing capital mobility is forcing states to abandon pegging.

More books from Taylor and Francis

Cover of the book Women During the Civil War by Michael G. Hall
Cover of the book Multinational Strategic Management by Michael G. Hall
Cover of the book Raising Literacy Achievement in High-Poverty Schools by Michael G. Hall
Cover of the book Complementary and Alternative Medicine by Michael G. Hall
Cover of the book Asian Religions, Technology and Science by Michael G. Hall
Cover of the book Sharing Lives by Michael G. Hall
Cover of the book Human Hierarchies by Michael G. Hall
Cover of the book Thinking English Translation by Michael G. Hall
Cover of the book Living Cities in Japan by Michael G. Hall
Cover of the book The Little Trials Of Childhood by Michael G. Hall
Cover of the book Drugs and Money by Michael G. Hall
Cover of the book Mother Teresa by Michael G. Hall
Cover of the book Stories of Art by Michael G. Hall
Cover of the book The Frankfurt School Revisited by Michael G. Hall
Cover of the book Corr.King George Vl6 by Michael G. Hall
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy