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Demanding devaluation : exchange rate politics in the developing world

Author: David Steinberg
Publisher: Ithaca ; London : Cornell University Press, [2015] ©2015
Series: Cornell studies in money.
Edition/Format:   Print book : EnglishView all editions and formats
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  Read more...
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Document Type: Book
All Authors / Contributors: David Steinberg
ISBN: 9780801453847 0801453844
OCLC Number: 892514461
Awards: Winner of Winner, Peter Katzenstein Book Prize (Department o.
Description: xiii, 273 pages ; 25 cm.
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.
Series Title: Cornell studies in money.
Responsibility: David A. Steinberg.

Abstract:

In Demanding Devaluation, David Steinberg argues that the demands of powerful interest groups often dictate government decisions about the level of the exchange...  Read more...

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"Why does China maintain an artificially weak currency whereas Argentina and Mexico have historically maintained overvalued currencies? In Demanding Devaluation, David Steinberg offers an analytical Read more...

 
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