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The Resource Demanding devaluation : exchange rate politics in the developing world, David A. Steinberg

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

Label
Demanding devaluation : exchange rate politics in the developing world
Title
Demanding devaluation
Title remainder
exchange rate politics in the developing world
Statement of responsibility
David A. Steinberg
Creator
Author
Subject
Language
eng
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. In Demanding Devaluation, David Steinberg argues that the demands of powerful interest groups often dictate government decisions about the level of the exchange rate. Combining rich qualitative case studies of China, Argentina, South Korea, Mexico, and Iran with cross-national statistical analyses, Steinberg reveals that exchange rate policy is heavily influenced by a country's domestic political arrangements. Interest group demands influence exchange rate policy, and national institutional structures shape whether interest groups lobby for an undervalued or an overvalued rate. A country's domestic political system helps determine whether it undervalues its exchange rate and experiences explosive economic growth or if it overvalues its exchange rate and sees its economy stagnate as a result.--
Member of
Assigning source
Provided by publisher
Cataloging source
NIC/DLC
http://library.link/vocab/creatorDate
1980-
http://library.link/vocab/creatorName
Steinberg, David
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Cornell studies in money
http://library.link/vocab/subjectName
  • Foreign exchange rates
  • Foreign exchange rates
Label
Demanding devaluation : exchange rate politics in the developing world, David A. Steinberg
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 239-264) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Introduction -- 1. A conditional preference theory of undervalued exchange rates -- 2. Cross-country patterns in exchange rate policy and preferences --3. Why China undervalues its exchange rate: the domestic politics of currency manipulation -- 4. The political appeal of overvaluation: industrial interests and the repeated overvaluation of the Argentine peso -- 6. Interests, institutions, and exchange rates in South Korea, Mexico and Iran -- Conclusion
Control code
FIEb17724739
Dimensions
24 cm.
Extent
xiii, 273 pages
Isbn
9780801453847
Media category
unmediated
Media MARC source
rdamedia.
System control number
(OCoLC)892514461
Label
Demanding devaluation : exchange rate politics in the developing world, David A. Steinberg
Publication
Bibliography note
Includes bibliographical references (pages 239-264) and index
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Introduction -- 1. A conditional preference theory of undervalued exchange rates -- 2. Cross-country patterns in exchange rate policy and preferences --3. Why China undervalues its exchange rate: the domestic politics of currency manipulation -- 4. The political appeal of overvaluation: industrial interests and the repeated overvaluation of the Argentine peso -- 6. Interests, institutions, and exchange rates in South Korea, Mexico and Iran -- Conclusion
Control code
FIEb17724739
Dimensions
24 cm.
Extent
xiii, 273 pages
Isbn
9780801453847
Media category
unmediated
Media MARC source
rdamedia.
System control number
(OCoLC)892514461

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