The Political Economy Of A Common Currency PDF Download
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Author | : David Stasavage |
Publisher | : Ashgate Publishing, Ltd. |
Total Pages | : 216 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : |
Download The Political Economy of a Common Currency Book in PDF, ePub and Kindle
In this title, David Stasavage explores several alternative political economy explanations for the persistence of the Franc Zone and its macroeconomic management over the period 1945 to 2000. He addresses the issue of sustainability and asks why the Franc Zone has survived despite several major political and economic shocks that might have easily led to its dissolution. These include decolonisation, France's entry into the European Community and the growing marginalisation of Africa in world affairs. He also considers the issue of credibility and in particular the extent to which the Franc Zone arrangements commit member states to prudent macroeconomic policies.
Author | : Jeffry A. Frieden |
Publisher | : Princeton University Press |
Total Pages | : 318 |
Release | : 2014-12-28 |
Genre | : Business & Economics |
ISBN | : 1400865344 |
Download Currency Politics Book in PDF, ePub and Kindle
The politics surrounding exchange rate policies in the global economy The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates. Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics—including its exposure to currency risk and the price effects of exchange rate movements—determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.
Author | : Jeffry A. Frieden |
Publisher | : Princeton University Press |
Total Pages | : 316 |
Release | : 2016-09-06 |
Genre | : Business & Economics |
ISBN | : 0691173842 |
Download Currency Politics Book in PDF, ePub and Kindle
The politics surrounding exchange rate policies in the global economy The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates. Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics—including its exposure to currency risk and the price effects of exchange rate movements—determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration. He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.
Author | : Ivano Cardinale |
Publisher | : Cambridge University Press |
Total Pages | : 589 |
Release | : 2017-10-12 |
Genre | : Business & Economics |
ISBN | : 1107124018 |
Download The Political Economy of the Eurozone Book in PDF, ePub and Kindle
This book proposes a new way of thinking about the Eurozone, exploring the overlap between its economic and political interdependencies.
Author | : Philip Henry Wicksteed |
Publisher | : |
Total Pages | : 488 |
Release | : 1957 |
Genre | : Economics |
ISBN | : |
Download The Common Sense of Political Economy Book in PDF, ePub and Kindle
Author | : Jeffry A Frieden |
Publisher | : Westview Press |
Total Pages | : 236 |
Release | : 2001 |
Genre | : Political Science |
ISBN | : |
Download The Political Economy Of European Monetary Unification Book in PDF, ePub and Kindle
The book integrates political and economic analysis of Europe's Economic and Monetary Union in a format accessible to advanced undergraduates and graduate students.
Author | : Waltraud Schelkle |
Publisher | : Oxford University Press |
Total Pages | : 387 |
Release | : 2017 |
Genre | : Business & Economics |
ISBN | : 0198717938 |
Download The Political Economy of Monetary Solidarity Book in PDF, ePub and Kindle
Creating the European monetary union between diverse and unequal nation states is arguably one of the biggest social experiments in history. This book offers an explanation of how the euro experiment came about and was sustained despite a severe crisis, and provides a comparison with the monetary-financial history of the US. The euro experiment can be understood as risk-sharing through a currency that is issued by a supranational central bank. A single currency shares liquidity risks by creating larger markets for all financial assets. A single monetary policy responds to business cycles in the currency area as a whole rather than managing the path of one dominant economy. Mechanisms of risk-sharing become institutions of monetary solidarity if they are consciously maintained, but they will periodically face opposition in member states. This book argues that diversity of membership is not an economic obstacle to the success of the euro, as diversity increases the potential gains from risk sharing. But political cooperation is needed to realize this potential, and such cooperation is up against collective action problems which become more intractable as the parties become more diverse. Hence, risk-sharing usually comes about as a collective by-product of national incentives. This political-economic tension can explain why the gains from risk-sharing are not more fully exploited, both in the euro area and in the US dollar area. This approach to monetary integration is based on the theory of collective action when hierarchy is not available as a solution to inter-state cooperation. The theory originates with Keohane and Ostrom (1995) and it is applied in this book, taking into account the latest research on the inherent instability of financial market integration.
Author | : Amasa Walker |
Publisher | : University of Michigan Library |
Total Pages | : 550 |
Release | : 1866 |
Genre | : Business & Economics |
ISBN | : |
Download The Science of Wealth Book in PDF, ePub and Kindle
Excerpt from Science of Wealth: A Manual of Political Economy, Embracing the Laws of Trade Currency and Finance These considerations, the force of which no one can fail to appreciate, render a knowledge of this science of high importance in the estimation of all re ecting minds. It may be added that the study of it need not be con fined to those merely who are far advanced in general edu cation. Common sense and a good knowledge of the Eng lish language only are requisite to its successful pursuit. Intelligible and plain, the science has no abstractions, no fanciful theories. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."
Author | : Benjamin J. Cohen |
Publisher | : Cornell University Press |
Total Pages | : 252 |
Release | : 1998 |
Genre | : International finance |
ISBN | : 9780801485138 |
Download The Geography of Money Book in PDF, ePub and Kindle
The traditional assumption holds that the territory of money coincides precisely with the political frontiers of each nation state: France has the franc, the United Kingdom has the pound, the United States has the dollar. But the disparity between that simple mental landscape and the actual organization of currency spaces has grown in recent years, as territorial boundaries of individual states limit currency circulation less and less. Many currencies are used outside their "home" country for transactions either between nations or within foreign states. In this book, Benjamin J. Cohen asks what this new geography of money reveals about financial and political power. Cohen shows how recent changes in the geography of money challenge state sovereignty. He examines the role of money and the scope of cross-border currency competition in today's world. Drawing on new work in geography and network theory to explain the new spatial organization of monetary relations, Cohen suggests that international relations, political as well as economic, are being dramatically reshaped by the increasing interpenetration of national monetary spaces. This process, he explains, generates tensions and insecurities as well as opportunities for cooperation.
Author | : Matthew J. Gabel |
Publisher | : |
Total Pages | : 56 |
Release | : 1999 |
Genre | : Monetary policy |
ISBN | : |
Download Divided Opinion, Common Currency Book in PDF, ePub and Kindle