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Routledge - Exchange Rate Crises in Developing Countries

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Description

Understand the complex relationship between capital mobility and exchange rate stability in this academic study from Routledge. As capital moves more easily across borders, the cost of maintaining pegged exchange rates increases, leading to significant economic events like the 1994 Mexican peso crisis and the 1997 Asian financial crisis. This book examines why some developing nations attempt to maintain exchange rate pegs despite the rising costs in modern financial markets. It provides a unique perspective by being the first work to theorize the role of bankers as a domestic interest group that influences exchange rate policy. This text is an essential resource for those studying the international political economy and the specific drivers behind financial instability in emerging markets. It offers a deep look into how domestic interest groups shape the economic landscape of developing nations.

Key Features

Analyzes the impact of increased capital mobility on the costs of maintaining exchange rate pegs in modern financial markets.

Provides detailed context on major historical events including the 1994 Mexican peso crisis and the 1997 Asian financial crisis.

Offers a new theoretical framework regarding the role of bankers as a domestic interest group in exchange rate policy.

Explores the motivations of developing countries that attempt to maintain currency pegs despite economic pressures.

Part of The International Political Economy of New Regionalisms series published by Routledge.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
22 December 2017
Listed Since
09 January 2018

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