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Bestseller
BestsellerE-book
Author Steinberg, David, 1980- author.

Title Demanding devaluation : exchange rate politics in the developing world / David A. Steinberg.

Publication Info. Ithaca ; London : Cornell University Press, 2015.
©2015

Item Status

Description 1 online resource (xiii, 273 pages).
text file PDF
Series Cornell studies in money
Cornell studies in money.
Contents A conditional preference theory of undervalued exchange rates -- Cross-country patterns in exchange rate policy and preferences -- Why China undervalues its exchange rate: the domestic politics -- Of currency manipulation -- The political appeal of overvaluation: industrial interests and the repeated overvaluation of the Argentine peso -- Interests, institutions, and exchange rates in South Korea, Mexico and Iran.
Bibliography Includes bibliographical references and index.
Summary 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. This book argues that the demands of powerful interest groups often dictate government decisions about the level of the exchange rate.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Language In English.
Subject Foreign exchange rates -- Political aspects -- China.
Foreign exchange rates.
China.
Foreign exchange rates -- Political aspects -- Developing countries.
Developing countries.
Genre/Form Electronic books.
Other Form: Print version: Steinberg, David, 1980- Demanding devaluation. Ithaca ; London : Cornell University Press, [2015] 9780801453847 (DLC) 2014039460 (OCoLC)892514461
ISBN 0801454255 (electronic book)
9780801454257 (electronic book)
9780801453847 (cloth ; alkaline paper)
0801453844 (cloth ; alkaline paper)
Standard No. 10.7591/9780801454257