Description: Demanding DevaluationExchange Rate Politics in the Developing World Author(s): David A. Steinberg Format: Hardback Publisher: Cornell University Press, United States Imprint: Cornell University Press ISBN-13: 9780801453847, 978-0801453847 Synopsis Exchange rate policy has profound consequences for economic development, financial crises, and international political conflict. Some governments in the developing world maintain excessively weak and "undervalued" exchange rates, a policy that promotes export-led development but often heightens tensions with foreign governments. Many other developing countries "overvalue" their exchange rates, which increases consumers' purchasing power but often reduces economic growth. In Demanding Devaluation, David Steinberg argues that the demands of powerful interest groups often dictate government decisions about the level of the exchange [url] rich qualitative case studies of China, Argentina, South Korea, Mexico, and Iran with cross-national statistical analyses, Steinberg reveals that exchange rate policy is heavily influenced by a country's domestic political arrangements. Interest group demands influence exchange rate policy, and national institutional structures shape whether interest groups lobby for an undervalued or an overvalued rate. A country's domestic political system helps determine whether it undervalues its exchange rate and experiences explosive economic growth or if it overvalues its exchange rate and sees its economy stagnate as a result.
Price: 36.96 GBP
Location: Aldershot
End Time: 2024-10-12T10:09:57.000Z
Shipping Cost: 29.18 GBP
Product Images
Item Specifics
Return postage will be paid by: Buyer
Returns Accepted: Returns Accepted
After receiving the item, your buyer should cancel the purchase within: 60 days
Return policy details:
Book Title: Demanding Devaluation
Item Height: 235 mm
Item Width: 155 mm
Series: Cornell Studies in Money
Author: David A. Steinberg
Publication Name: Demanding Devaluation: Exchange Rate Politics in the Developing World
Format: Hardcover
Language: English
Publisher: Cornell University Press
Subject: Economics
Publication Year: 2015
Type: Textbook
Item Weight: 28 g
Number of Pages: 288 Pages
