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Bücher Englische Bücher Wissen & Bildung Sozialwissenschaft, Recht, Wirtschaft Wirtschaft Volkswirtschaft The Politics of Exchange Rates in Developing Countries
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The Politics of Exchange Rates in Developing Countries
Ralph Setzer (Broschiert, Englisch)
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Beschreibung
1. 1 The context What factors determine a country's exchange rate regime? Since the col lapse of the Bretton Woods system of fixed exchange rates in 1973, eco nomists have been increasingly interested in answering this question. Ana lysts focused primarily on the possible influence of optimum currency area (OCA) criteria, such as a country's size, openness to trade, or factor mobi lity. More… recent approaches emphasized the nature and the sources of shocks to which an economy is exposed or explicitly took imperfections on financial markets into account. However, despite a large body of work, litt le consensus has emerged about the determinants of exchange rate regime choice. The existing empirical literature could not identify a single variable as a clear predictor of exchange rate regime choice and even among eco nomically comparable countries large discrepancies in exchange rate pol icy have been observed (see, e. g. , the survey on the literature in Juhn and Mauro 2002). The inconclusiveness of traditional approaches to explain exchange rate regime choice is the stimulus for this dissertation. My main point is that political and institutional conditions help to account for differences in ex change rate policy. Li other areas of economic policy, it has become stan dard to argue that government's macroeconomic preferences are an impor tant determinant in economic policymaking and should not be neglected when analyzing macroeconomic outcomes. Dieses Produkt haben wir gerade leider nicht auf Lager.
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Technische Daten
Erscheinungsdatum
24.05.2006
Sprache
Englisch
EAN
9783790817157
Herausgeber
Physica
Serien- oder Bandtitel
Contributions to Economics
Sonderedition
Nein
Autor
Ralph Setzer
Seitenanzahl
258
Einbandart
Broschiert
Buch Untertitel
Political Cycles and Domestic Institutions
Schlagwörter
Developing Countries, Duration Data Analysis, Emerging Market Economies, Exchange Rate Regime, Political Economy
Thema-Inhalt
KCB - Makroökonomie
KCM - Entwicklungsökonomie und Schwellenländer
KCL - Internationale Wirtschaft
Höhe
235 mm
Breite
15.5 cm
Hersteller: Springer Nature Customer Service Center GmbH, Europaplatz 3, Heidelberg, Deutschland, 69115, ProductSafety@springernature.com
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