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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. Modelling policymakers’ preferences as endogenous, the book answers questions as the following: What influences the relative value that a country puts on fixed versus floating regimes? Why do governments, during certain episodes, deviate from an officially announced exchange rate regime? How do policymakers’ exchange rate preferences change during election periods? The 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.
Foreign exchange rates --- Foreign exchange administration --- Monetary policy --- Developing countries --- Economic policy. --- Foreign exchange --- Macroeconomics. --- Development economics. --- International economics. --- Macroeconomics/Monetary Economics//Financial Economics. --- Development Economics. --- International Economics. --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- Economic policy --- International relations --- Economic sanctions --- Economics --- Economic development --- 339.74 <1-773> --- Currency question --- -Foreign exchange --- -332.45091724 --- Cambistry --- Currency exchange --- Exchange, Foreign --- Foreign currency --- Foreign exchange problem --- Foreign money --- Forex --- FX (Finance) --- International exchange --- International finance --- Currency crises --- Fiat money --- Free coinage --- Monetary question --- Scrip --- Finance --- Finance, Public --- Legal tender --- Money --- 339.74 <1-773> Monetaire buitenlandse politiek. Deviezenpolitiek--Gebieden in ontwikkeling. Ontwikkelingslanden --- Monetaire buitenlandse politiek. Deviezenpolitiek--Gebieden in ontwikkeling. Ontwikkelingslanden --- -Macroeconomics. --- -Currency question --- -Foreign exchange rates
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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. Modelling policymakers' preferences as endogenous, the book answers questions as the following: What influences the relative value that a country puts on fixed versus floating regimes? Why do governments, during certain episodes, deviate from an officially announced exchange rate regime? How do policymakers' exchange rate preferences change during election periods? The 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.
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