Demanding Devaluation: Exchange Rate Politics in the Developing World

by David Steinberg and David A. Steinberg

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 often...

• Format: Hardcover
• Language: English
• ISBN: 0801453844
• ISBN13: 9780801453847
• Release Date: May 2015
• Publisher: Cornell University Press
• Length: 288 Pages
• Weight: 1.10 lbs.
• Dimensions: 0.9" x 6.3" x 9.5"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher