Exchange Rate Crisis in Developing Countries

Ocena: 0 (0 głosów)
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.'Hall highlights the crucial role of the banking sector to explain why some developing countries are more vulnerable to speculative attacks than others. Using both quantitative analysis and in-depth case analysis, Michael Hall challenges us to reconsider the underlying causes of financial crises in a world of international capital mobility.' William Bernhard, Associate Professor, Director of Graduate Studies, University of Illinois, USA 'This is an impressive study. Michael Hall presents an insightful and balanced analysis of the important roles that the political clout of banking sector and other political economy considerations have played in recent currency crises.' Thomas D. Willett, Horton Professor, The Claremont Colleges, USA

Informacje dodatkowe o Exchange Rate Crisis in Developing Countries:

Wydawnictwo: inne
Data wydania: b.d
Kategoria: Socjologia, filozofia
ISBN: 978-0-7546-4346-3
Liczba stron: 0

więcej

Kup książkę Exchange Rate Crisis in Developing Countries

Sprawdzam ceny dla ciebie ...
Cytaty z książki

Na naszej stronie nie ma jeszcze cytatów z tej książki.


Dodaj cytat
REKLAMA

Zobacz także

Exchange Rate Crisis in Developing Countries - opinie o książce

Inne książki autora
Cell Growth Control of Cell Size
M. Hall0
Okładka ksiązki - Cell Growth Control of Cell Size

Breakthroughs in the field of cell growth, particularly in the control of cell size, are reviewed by experts in the three major divisions of the field:...

Zobacz wszystkie książki tego autora
Recenzje miesiąca
Srebrny łańcuszek
Edward Łysiak ;
Srebrny łańcuszek
Dziadek
Rafał Junosza Piotrowski
 Dziadek
Aldona z Podlasia
Aldona Anna Skirgiełło
Aldona z Podlasia
Egzamin na ojca
Danka Braun ;
Egzamin na ojca
Cień bogów
John Gwynne
Cień bogów
Rozbłyski ciemności
Andrzej Pupin ;
Rozbłyski ciemności
Wstydu za grosz
Zuzanna Orlińska
Wstydu za grosz
Jak ograłem PRL. Na scenie
Witek Łukaszewski
Jak ograłem PRL. Na scenie
Pokaż wszystkie recenzje
Reklamy