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T HE P OLITICAL E CONOMY OF I NTERNATIONAL M ONETARY R ELATIONS

T HE P OLITICAL E CONOMY OF I NTERNATIONAL M ONETARY R ELATIONS ▪ Abstract The structure of international monetary relations has gained increasing prominence over the past two decades. Both national exchange rate policy and the character of the international monetary system require explanation. At the national level, the choice of exchange rate regime and the desired level of the exchange rate involve distributionally relevant tradeoffs. Interest group and partisan pressures, the structure of political institutions, and the electoral incentives of politicians therefore influence exchange rate regime and level decisions. At the international level, the character of the international monetary system depends on strategic interaction among governments, driven by their national concerns and constrained by the international environment. A global or regional fixed-rate currency regime, in particular, requires at least coordination and often explicit cooperation among national governments. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Annual Review of Political Science Annual Reviews

T HE P OLITICAL E CONOMY OF I NTERNATIONAL M ONETARY R ELATIONS

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References (84)

Publisher
Annual Reviews
Copyright
Copyright © 2001 by Annual Reviews. All rights reserved
Subject
Review Articles
ISSN
1094-2939
eISSN
1545-1577
DOI
10.1146/annurev.polisci.4.1.317
Publisher site
See Article on Publisher Site

Abstract

▪ Abstract The structure of international monetary relations has gained increasing prominence over the past two decades. Both national exchange rate policy and the character of the international monetary system require explanation. At the national level, the choice of exchange rate regime and the desired level of the exchange rate involve distributionally relevant tradeoffs. Interest group and partisan pressures, the structure of political institutions, and the electoral incentives of politicians therefore influence exchange rate regime and level decisions. At the international level, the character of the international monetary system depends on strategic interaction among governments, driven by their national concerns and constrained by the international environment. A global or regional fixed-rate currency regime, in particular, requires at least coordination and often explicit cooperation among national governments.

Journal

Annual Review of Political ScienceAnnual Reviews

Published: Jun 1, 2001

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