Titlebook: Realigning Interests; Crisis and Credibili Michele Chang Book 2004 Palgrave Macmillan, a division of Nature America Inc. 2004 economy.Europ

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Conclusion,y analyzing the history of European monetary integration, we can better understand why states commit to international agreements, why they choose some mechanisms over others, and the circumstances under which these commitments are threatened.

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Ireland,onstraints and the fluctuation of larger currencies than the Italian or French currencies. However, elections and changes in government still provide some insight into the timing of currency crises and devaluation despite these mitigating factors.

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Book 2004ys particular attention to the role of domestic elections, since these may prevent governments from credibly committing to a fixed exchange rate and from responding quickly and coherently to market instability, thus encouraging speculation.

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Book 2004estions, illustrating the points by examining the exchange rate realignments of the European Monetary System. It also shows how balancing the tension between domestic and international politics plays a vital part in a government‘s willingness to uphold its exchange rate commitments. Michele Chang pa

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Introduction,ped and developing countries in the 1990s, identifying the variables that lead to currency crises has become a major concern of both economists and political scientists. While economic fundamentals play a large role in these matters, an accepted model of currency crises has not yet been developed be

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