|||| "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 framework centered on the preferences of manufac
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 of...
[PDF.vo93] Demanding Devaluation: Exchange Rate Politics in the Developing World (Cornell Studies in Money) Rating: 4.84 (529 Votes)
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