Exchange Rate Crises in Developing Countries
The Political Role of the Banking Sector
1st Edition
Published on 18. January 2018
226 pages
978-1-351-15843-5 (ISBN)
Description
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 details
Edition
1. Auflage
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
File size
7,83 MB
ISBN-13
978-1-351-15843-5 (9781351158435)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Michael G. Hall
Exchange Rate Crises in Developing Countries
The Political Role of the Banking Sector
Book
12/2020
1st Edition
Routledge
€72.07
Shipment within 10-20 days
Michael G. Hall
Exchange Rate Crises in Developing Countries
The Political Role of the Banking Sector
Book
12/2017
1st Edition
Routledge
€215.77
Shipment within 15-20 days
Person
Hall, Michael G.
Content
Contents: To peg or not to peg, that is the question; Theories of exchange-rate regime determination; Statistical tests; Thailand; Mexico; Peru; Colombia; Conclusions; Appendix; Bibliography; Index.
