Exchange Rate Crises in Developing Countries
Regular price
€192.20
14 days return policy
Shipping & Delivery
A01=Michael G. Hall
Anti-inflation Credibility
Author_Michael G. Hall
Banco De La Republica
Banco De Mexico
Bank Credit System
Basket Peg
capital mobility
Category=KCP
Credit Ratio
currency peg stability
emerging market crises
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Err Choice
Err Policy
Exchange Rate Band
Exchange Rate Crisis
FDI Inflow
Financial Arbitrage
Financial Intermediation Hypothesis
financial liberalisation
Fixed Exchange Rates
Floating Exchange Rate
Garcia Administration
High Capital Mobility
hollowing-out hypothesis
interest group theory
Mexican Banks
Mexican Financial System
Monetary Policy Autonomy
Money Multiplier
Oca Theory
Pegged Exchange Rates
political economy of exchange rates
Strong Banking Sector
Trade Exposure
Product details
- ISBN 9780815388968
- Weight: 580g
- Dimensions: 156 x 234mm
- Publication Date: 22 Dec 2017
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
Secure
checkout
Fast Shipping
Easy returns
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.
