Title:Political Pressures and Exchange Rate Stability in Emerging Market Economies Author(s):FAIA, Ester; GIULIODORI, Massimo; RUTA, MicheleDate:2008Citation:
- Journal of Applied Economics, 2008, 11, 1, 1-32
Type:ArticleAbstract:This paper presents a political economy model of exchange rate policy. The theory is based on a common agency approach with rational expectations. Financial and exporter lobbies exert political pressures to influence the ...