Description
SPRINGER Politics Of Exchange Rates In Developing Countries Political Cycles And Domestic Institutions 2006 Edition by RALPH SETZER
This book considers the issue of exchange rate policymaking from a political economy perspective. It illustrates both theoretically and empirically how domestic political and institutional incentives shape exchange rate policies in developing countries. Empirical analysis is based on a panel survey of 47 countries and thereby provides insights on how political and institutional conditions typically affect exchange rate policy. General introduction.- The normative and the positive view on exchange rate policy.- Fear of floating and fear of pegging: How important is politics?.- Political uncertainty and speculative attacks.- Developing a theory of currency peg duration.- The determinants of fixed exchange rate regime duration: A survival analysis.- Political cycles and the real exchange rate.- Conclusion and discussion.