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Demanding Devaluation – Exchange Rate Politics in the Developing World - Cornell Scholarship Online
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Demanding Devaluation: Exchange Rate Politics in the Developing World

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 reduces economic growth. This book argues that the demands of powerful interest groups often dictate government decisions about the level of the exch ... More

Keywords: exchange rate policy, economic development, financial crises, international political conflict, exchange rates, domestic politics, undervalued exchange rate, overvalued exchange rate

Bibliographic Information

Print publication date: 2015 Print ISBN-13: 9780801453847
Published to Cornell Scholarship Online: August 2016 DOI:10.7591/cornell/9780801453847.001.0001


Affiliations are at time of print publication.

David A. Steinberg, author
Assistant Professor of International Political Economy, The Johns Hopkins University's School of Advanced International Studies