Realigning Interests : Crisis and Credibility in European Monetary Integration
Softcover reprint of the original 1st ed. 2004
by
M. Chang
Book Details
Format
Paperback / Softback
ISBN-10
1349528021
ISBN-13
9781349528028
Edition
Softcover reprint of the original 1st ed. 2004
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jul 6th, 2004
Print length
200 Pages
Weight
244 grams
Dimensions
20.20 x 12.70 x 1.60 cms
Ksh 8,100.00
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Michele Chang pays particular attention to the role of domestic elections, since these may prevent governments from credibly committing to a fixed exchange rate and from responding quickly and coherently to market instability, thus encouraging speculation.
Why do currency crises happen? What conditions set the stage for such a crisis? How severe will it be? When will it happen? This book answers these questions, illustrating the points by examining the exchange rate realignments of the European Monetary System. It also shows how balancing the tension between domestic and international politics plays a vital part in a government's willingness to uphold its exchange rate commitments. Michele Chang pays particular attention to the role of domestic elections, since these may prevent governments from credibly committing to a fixed exchange rate and from responding quickly and coherently to market instability, thus encouraging speculation.
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