Monetary credibility vs. voter approval: political institutions and exchange-rate stabilization during crises
This paper analyzes how political institutions affect the execution of exchange-rate policy. By focusing on policy-makers' responses to the emergence of speculative pressure on their currencies, we argue that the effect of democratic institutions on exchange-rate stability is likely to be condi...
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| Main Authors: | , |
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| Format: | Article (Journal) |
| Language: | English |
| Published: |
10 June 2010
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| In: |
Economics & politics
Year: 2010, Volume: 22, Issue: 3, Pages: 392-418 |
| ISSN: | 1468-0343 |
| DOI: | 10.1111/j.1468-0343.2010.00367.x |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1111/j.1468-0343.2010.00367.x Verlag, lizenzpflichtig, Volltext: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-0343.2010.00367.x 
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| Author Notes: | Thomas Sattler and Stefanie Walter |