Author's Keywords: exchange rates, international political economy, monetary policy, currency crisis, speculative attack, interest groups	Convention Convention is an application service for managing large or small academic conferences, annual meetings, and other types of events! Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf. Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets! Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more! Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering. Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more! Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches! Click here for more information.
Association: Name: International Studies Association 48th Annual Convention URL: http://www.isanet.org
Citation: URL: http://www.allacademic.com/meta/p178755_index.html Direct Link: HTML Code:

Walter, Stefanie. "Exchange Rates and the Private Sector. How Interest Group Vulnerabilities Influence Exchange Rate Policy Choices" Paper presented at the annual meeting of the International Studies Association 48th Annual Convention, Hilton Chicago, CHICAGO, IL, USA, Feb 28, 2007 <Not Available>. 2009-05-24 <http://www.allacademic.com/meta/p178755_index.html>

Walter, S. , 2007-02-28 "Exchange Rates and the Private Sector. How Interest Group Vulnerabilities Influence Exchange Rate Policy Choices" Paper presented at the annual meeting of the International Studies Association 48th Annual Convention, Hilton Chicago, CHICAGO, IL, USA Online <APPLICATION/PDF>. 2009-05-24 from http://www.allacademic.com/meta/p178755_index.html

Publication Type: Conference Paper/Unpublished Manuscript Abstract: Exchange rate policy preferences do not just originate in the effects of exchange rate policy but are intricately linked to monetary policy as well. Based on the trade-off between exchange rate and interest rate stability, this paper develops predictions about which socioeconomic groups are likely to prefer a depreciation, and which groups prefer that the present exchange rate level be maintained. It develops a new approach that considers private sector vulnerabilities to exchange rate and interest rate changes, as well as the implications for interest groups’ competitiveness and their balance sheets. It argues that in periods of exchange rate tranquility, exchange rate policy is purely framed in terms of depreciation or appreciation effects. Only when pressure intensifies, they increasingly weigh their vulnerability to interest-rate increases against their depreciation vulnerability. In this case, high interest-rate exposure can result in a re-assessment of a group’s preferred policy response, leading groups that initially preferred exchange rate stability to favor depreciation. Comparative case studies of speculative attacks on the currencies of Hong Kong, Korea, Thailand, and Taiwan support the argument’s empirical implications. The case studies show that policymakers maintained exchange rate stability when the private sector’s vulnerability to depreciation was high. However, when pressure intensified, exchange rates were subsequently depreciated in countries, where interest group vulnerabilities to a monetary tightening exceeded the potential costs of depreciation.

The Political Economy of Sectoral Exchange Rate Preferences and Lobbying: Germany from 1960-2007, and Beyond

A Survey of Preferences and Political Activity on Exchange Rate Policy

Private Sector Vulnerability to Speculative Exchange Market Pressure and Its Effect on Policymaking: Evidence from the Asian Crisis