Risk and the Rupee in Pakistan's New Economy
Cambridge University Press (Verlag)
978-1-108-48993-5 (ISBN)
In a world of open markets and global trade, development thinking seeks stability and prosperity for the world's poor by expanding access to financial products. This book challenges the development sector's embrace of 'financial inclusion' by exploring how the new risks and instabilities that accompany the pivot towards the global economy undermining the functioning of money itself. Cast against fundamental change in the monetary environment accompanying the globalisation of markets, the book examines the rapid liberalisation of money and markets in Pakistan. It argues that liberalisation has generated substantive problems not only for the central bank as guardian of national currency, but for ordinary households. By pinpointing how globalisation generates new risks for households in the everyday economy, the book reveals jarring contradictions between free markets and financial inclusion whilst challenging money theory by positing substantive and empirically-grounded monetary contestation that demonstrates a burden of risk imposed on ordinary people, that is only exacerbated by financial inclusion.
Antonia C. Settle teaches at La Trobe University, Melbourne. She is also currently researching on corporate accountability in developing countries at Melbourne University. Prior to holding this position, she worked as a Research Associate at the Sustainable Development Policy Institute in Islamabad, Pakistan.
List of figures; Acknowledgements; Introduction; 1. The changing nature of money in a changing international monetary system; 2. Money at the frontier; 3. The transformation of monetary governance in Pakistan; 4. Exploring monetary change amongst households; 5. Fieldwork findings; 6. Unstable money and risk mitigation in the new economy; 7. Money in theory and money in Pakistan; 8. Conclusion: central bank challenges – financial inclusion with frontier money; Appendix; References; Index.
| Erscheinungsdatum | 30.10.2020 |
|---|---|
| Zusatzinfo | Worked examples or Exercises |
| Verlagsort | Cambridge |
| Sprache | englisch |
| Maße | 160 x 235 mm |
| Gewicht | 470 g |
| Themenwelt | Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie |
| Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik | |
| ISBN-10 | 1-108-48993-1 / 1108489931 |
| ISBN-13 | 978-1-108-48993-5 / 9781108489935 |
| Zustand | Neuware |
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