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Realigning Interests: Crisis and Credibility in European Monetary Integration
M Chang
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Description for Realigning Interests: Crisis and Credibility in European Monetary Integration
paperback. Series: Europe in Transition: The NYU European Studies Series. Num Pages: 216 pages, biography. BIC Classification: JFC; JPS; KCB; KCP. Category: (G) General (US: Trade). Dimension: 203 x 127. .
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
2004
Publisher
Palgrave Macmillan United Kingdom
Number of pages
216
Condition
New
Series
Europe in Transition: The NYU European Studies Series
Number of Pages
200
Place of Publication
Basingstoke, United Kingdom
ISBN
9781349528028
SKU
V9781349528028
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About M Chang
MICHELE CHANG teaches political Science at Colgate University, USA, and is a Fellow at Cornell University's Institute for European Studies. She has received fellowships from the Institute on Global Conflict and Cooperation and the Deutscher Akademischer Austausch Dienst. She has previously published in the Journal of Public Policy as well as with Cornell University Press.
Reviews for Realigning Interests: Crisis and Credibility in European Monetary Integration
"The financial crises of the last decade - from Latin America, to Asia and Russia - frequently had political roots. Prof. Michele Chang's careful analysis of the European integration process shows that such factors were at work there as well. In particular, she shows how elections play a powerful role in exchange rate policy. The lessons for emerging markets - ... Read more