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The determinants of currency crisesa political economy approach /

Record Type:	Electronic resources : Monograph/item
Title/Author:	The determinants of currency crisesBjèorn Rother.
Reminder of title:	a political economy approach /
Author:	Rother, Bjoern.
Published:	Basingstoke :Palgrave Macmillan,2009.
Description:	ix, 188 p. :ill. ;23 cm.
Subject:	Currency crises.
Online resource:	access to fulltext (Palgrave)
ISBN:	9780230233645

The determinants of currency crisesa political economy approach /
Rother, Bjoern.

The determinants of currency crisesa political economy approach /[electronic resource] :Bjèorn Rother. - Basingstoke :Palgrave Macmillan,2009. - ix, 188 p. :ill. ;23 cm.

Includes bibliographical references and index.

Ending Gold Convertibility in the 1930s -- Coalition Bickering in Turkey, 2000-01 -- Meltdownin Argentina, 1991-2002 -- Emerging PoliticalPatterns -- A Basic Second-Generation Model -- The Credibility Problemof Currency Pegs -- Two Types of Commitment Devices -- Uncertainty andthe Role of Elections -- A Fiscal Veto Player -- Currency Crises and Fiscal Policy Decisions -- The Scope for Intra-Governmental Confict -- AStochastic Fiscal Target -- Lobbying and Exchange Rate Stability -- Literature Survey -- Data Set and Empirical Strategy -- Country Sample and Crisis Measure -- The Choice of Regressors -- Empirical Strategy -- Key Findings -- Descriptive Statistics -- Political-Economy Logit Models-- Robustness Checks -- Extensions -- The Link between Elections and Crises -- The Link between Left Governments and Crises.

A lot of research has been carried out on currency crises, but the existing literature largely fails to adequately recognize the role of politics in creating financial turbulence. This book explains the role ofpolitical factors in the occurrence of currency crises, using an eclectic approach that blends case study methodology, a rigorous theoreticaldiscussion, and econometric analysis. A lot of research has been carried out on currency crises, but the existing literature largely fails toadequately recognize the role of politics in creating financial turbulence. This book explains the role of political factors in the occurrence of currency crises. It starts out with a discussion of political developments in four prominent crisis cases, including Turkey and Argentinain the early 2000s, before discussing various extensions of a workhorse model of the economics literature, two of which are original, to showhow upcoming elections, intra-governmental conflict, and lobbying activity can impact the stability of an exchange rate regime. The econometric analysis uses a diverse sample of69 countries over 1975-97 to determine whether the inclusion of political variables can make a differencein crisis prediction without adding too much complexity, compared withstandard early-warning-systems models that rely exclusively on macroeconomic fundamentals. This book provides a thorough andin-depth report,seeking to translate concepts from the discipline of political scienceinto the language of economics. It is essential reading for all interested in international political economy andfinancial crises.

Electronic reproduction.
Basingstoke, England :
Palgrave Macmillan,
2009.

Mode of access:World Wide Web.

ISBN: 9780230233645Subjects--Topical Terms:

460293
Currency crises.
Index Terms--Genre/Form:

214472
Electronic books.

LC Class. No.: HG3851.3 / .R38 2009

Dewey Class. No.: 332.46

The determinants of currency crisesa political economy approach /
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245 1 4 $a The determinants of currency crises $h [electronic resource] : $b a political economy approach / $c Bjèorn Rother.
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300 $a ix, 188 p. : $b ill. ; $c 23 cm.
504 $a Includes bibliographical references and index.
505 0 $a Ending Gold Convertibility in the 1930s -- Coalition Bickering in Turkey, 2000-01 -- Meltdownin Argentina, 1991-2002 -- Emerging PoliticalPatterns -- A Basic Second-Generation Model -- The Credibility Problemof Currency Pegs -- Two Types of Commitment Devices -- Uncertainty andthe Role of Elections -- A Fiscal Veto Player -- Currency Crises and Fiscal Policy Decisions -- The Scope for Intra-Governmental Confict -- AStochastic Fiscal Target -- Lobbying and Exchange Rate Stability -- Literature Survey -- Data Set and Empirical Strategy -- Country Sample and Crisis Measure -- The Choice of Regressors -- Empirical Strategy -- Key Findings -- Descriptive Statistics -- Political-Economy Logit Models-- Robustness Checks -- Extensions -- The Link between Elections and Crises -- The Link between Left Governments and Crises.
520 $a A lot of research has been carried out on currency crises, but the existing literature largely fails to adequately recognize the role of politics in creating financial turbulence. This book explains the role ofpolitical factors in the occurrence of currency crises, using an eclectic approach that blends case study methodology, a rigorous theoreticaldiscussion, and econometric analysis. A lot of research has been carried out on currency crises, but the existing literature largely fails toadequately recognize the role of politics in creating financial turbulence. This book explains the role of political factors in the occurrence of currency crises. It starts out with a discussion of political developments in four prominent crisis cases, including Turkey and Argentinain the early 2000s, before discussing various extensions of a workhorse model of the economics literature, two of which are original, to showhow upcoming elections, intra-governmental conflict, and lobbying activity can impact the stability of an exchange rate regime. The econometric analysis uses a diverse sample of69 countries over 1975-97 to determine whether the inclusion of political variables can make a differencein crisis prediction without adding too much complexity, compared withstandard early-warning-systems models that rely exclusively on macroeconomic fundamentals. This book provides a thorough andin-depth report,seeking to translate concepts from the discipline of political scienceinto the language of economics. It is essential reading for all interested in international political economy andfinancial crises.
533 $a Electronic reproduction. $b Basingstoke, England : $c Palgrave Macmillan, $d 2009. $n Mode of access:World Wide Web. $n System requirements: Web browser. $n Title from title screen (viewed on Oct. 6, 2009). $n Access may berestricted to users at subscribing institutions.
650 0 $a Currency crises. $3 460293
650 0 $a Monetary policy. $3 182879
655 7 $a Electronic books. $2 local. $3 214472
710 2 $a Palgrave Connect (Online service) $3 459825
776 1 $c Original $z 9780230221819 $z 0230221815 $w (OCoLC)318674389
856 4 0 $3 Palgrave Connect $u https://link.springer.com/book/10.1057/9780230233645 $z access to fulltext (Palgrave)