000 01634nam a22001577a 4500
999 _c26575
_d26575
020 _a9781108489935
082 _a332.495491
_bSET-R
100 _aSettle, Antonia
245 _aRisk and the Rupee in Pakistan's New Economy
_b:Financial Inclusion and Monetary change In a Frontier Market
260 _aNew Delhi
_bCambridge University Press
_c2020
300 _a254p.
_b235 x 160 x 21 mm
504 _aInclude Index
520 _aIn 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.
650 _aEconomic policy
_vMoney
_vEconomic history
_zPakistan
942 _2ddc
_cBK