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 Routledge Revivals: Trade, Travel and Exploration in the Middle Ages (2000) by Michael G. Hall
Cover of the book The Spanish Civil War by Michael G. Hall
Cover of the book Digital Intermediates for Film and Video by Michael G. Hall
Cover of the book Integration vs. Autonomy by Michael G. Hall
Cover of the book Psychotherapy with Young People in Care by Michael G. Hall
Cover of the book The Politics of Fresh Water by Michael G. Hall
Cover of the book Ancient Crete by Michael G. Hall
Cover of the book Human Rights, Natural Resource and Investment Law in a Globalised World by Michael G. Hall
Cover of the book Living on the Margins: Social Access to Shelter in Urban South Asia by Michael G. Hall
Cover of the book Proust as Philosopher by Michael G. Hall
Cover of the book Coaching that Counts by Michael G. Hall
Cover of the book i in the Sky by Michael G. Hall
Cover of the book The Hot and Bothered Air Balloon by Michael G. Hall
Cover of the book Dictionary of Forensic Psychology by Michael G. Hall
Cover of the book The Future of Alaska 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