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portada Risk and the Rupee in Pakistan'S new Economy: Financial Inclusion and Monetary Change in a Frontier Market: 12 (South Asia in the Social Sciences)
Type
Physical Book
Publisher
Author
Year
2020
Language
English
Pages
260
Format
Hardcover
ISBN13
9781108489935
Categories

Risk and the Rupee in Pakistan'S new Economy: Financial Inclusion and Monetary Change in a Frontier Market: 12 (South Asia in the Social Sciences)

Antonia C. Settle (Author) · Cambridge University Press · Hardcover

Risk and the Rupee in Pakistan'S new Economy: Financial Inclusion and Monetary Change in a Frontier Market: 12 (South Asia in the Social Sciences) - Antonia C. Settle

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Synopsis "Risk and the Rupee in Pakistan'S new Economy: Financial Inclusion and Monetary Change in a Frontier Market: 12 (South Asia in the Social Sciences) "

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.

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