Skip to content
Cart

Your Cart

×

You have 0 items in your cart.

Register Sign in Wishlist

Financial Crises and the Politics of Macroeconomic Adjustments

£57.00

Part of Political Economy of Institutions and Decisions

  • Date Published: December 2013
  • availability: Available
  • format: Hardback
  • isbn: 9781107028708

£ 57.00
Hardback

Add to cart Add to wishlist

Other available formats:
Paperback, eBook


Looking for an inspection copy?

This title is not currently available on inspection

Description
Product filter button
Description
Contents
Resources
Courses
About the Authors
  • When are policy makers willing to make costly adjustments to their macroeconomic policies to mitigate balance-of-payments problems? Which types of adjustment strategies do they choose? Under what circumstances do they delay reform, and when are such delays likely to result in financial crises? To answer these questions, this book examines how macroeconomic policy adjustments affect individual voters in financially open economies and argues that the anticipation of these distributional effects influences policy makers' decisions about the timing and the type of reform. Empirically, the book combines analyses of cross-national survey data of voters' and firms' policy evaluations with comparative case studies of national policy responses to the Asian financial crisis of 1997/8 and the recent global financial crisis in Eastern Europe. The book shows that variation in policy makers' willingness to implement reform can be traced back to differences in the vulnerability profiles of their countries' electorates.

    • Puts voters at the center of the analysis and provides a microfoundation for voters' policy preferences about the type and timing of economic reform
    • First book to analyze the political consequences of the increase in private borrowing in foreign currencies
    • Provides a theoretically guided analysis of the two most important recent crisis episodes: the Asian financial crisis of 1997/8 and the current global crisis
    Read more

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity

    ×

    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?

    ×

    Product details

    • Date Published: December 2013
    • format: Hardback
    • isbn: 9781107028708
    • length: 272 pages
    • dimensions: 229 x 152 x 19 mm
    • weight: 0.57kg
    • contains: 20 b/w illus. 9 tables
    • availability: Available
  • Table of Contents

    1. Introduction
    2. The distribution of vulnerabilities: purchasing power, balance sheets, and exchange-rate policy preferences
    3. Voters' direct vulnerability to adjustment. European voters in the 2008/9 global economic and financial crisis
    4. Indirect vulnerability to adjustment. The determinants of employers' monetary and exchange rate policy preferences
    5. Interests, elections, and policy makers' incentives to adjust
    6. The politics of adjustment in the Asian financial crisis, 1997/8
    7. Adjustment in Eastern Europe during the first phase of the global financial and economic crisis, 2008–10
    8. Conclusions.

  • Author

    Stefanie Walter, Universität Zürich
    Stefanie Walter is Full Professor of International Relations and Political Economy in the Department of Political Science at the University of Zurich. She previously held positions as Fritz-Thyssen Fellow at Harvard University and as Junior Professor for International and Comparative Political Economy at the University of Heidelberg. Her research concentrates on the fields of international and comparative political economy, with a particular focus on how distributional conflicts, policy preferences, and institutions affect economic policy outcomes. Her work has been published in Economics and Politics, the European Journal of Political Research, International Organization, and International Studies. She received her PhD in Political Science from ETH Zurich.

Sign In

Please sign in to access your account

Cancel

Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email lecturers@cambridge.org

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.

Cancel

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

×
Please fill in the required fields in your feedback submission.
×