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Books > Business & Economics > Economics > Macroeconomics
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Realigning Interests - Crisis and Credibility in European Monetary Integration (Paperback, Softcover reprint of the original 1st ed. 2004)
Loot Price: R1,428
Discovery Miles 14 280
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Realigning Interests - Crisis and Credibility in European Monetary Integration (Paperback, Softcover reprint of the original 1st ed. 2004)
Series: Europe in Transition: The NYU European Studies Series
Expected to ship within 10 - 15 working days
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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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