The%20Currency%20Game%3A%20Exchange%20Rate%20Politics%20in%20Latin%20America

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The Currency Game: Exchange Rate Politics in Latin America



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CODE: B-128
EDITOR(s): Frieden, Jeffry , Stein, Ernesto H.
PUBLISHED: March 2001
LANGUAGE: English
RELATED TOPICS: Finance
DOWNLOAD FILE IN: English

 

Abstract:

Why do governments choose the exchange rate policies they do? How do economic and political factors affect these policies? The Currency Game addresses these and other questions by examining the range of potential determinants of exchange rate choices by Latin American governments. While purely economic factors are of course important to these choices--especially economic structure, trade patterns, and exogenous economic conditions--the book focuses on the political economy considerations that have typically been underrepresented in the literature. These include the effects of interest groups, electoral competition, and the timing of elections on exchange rate decisions. The book features a cross-country analysis of national exchange rate policies, as well as case studies of Argentina, Brazil, Chile, Colombia and Peru.

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