Interest Groups And Monetary Integration: The Political Economy Of Exchange Regime Choice

by Carsten Hefeker

Overview

This book analyzes monetary integration and the choice and collapse of exchange rate regimes from a positive political economy perspective. Carsten Hefeker examines the influence of important interest groups in a coherent framework, which challenges the traditional and normative theory of monetary integration. By focusing on interest groups such as

Product Details

ISBN-13:	9780367316303
Publisher:	Taylor & Francis
Publication date:	08/28/2019
Pages:	172
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

Carsten Hefeker is a faculty member of the Department of Economics at the University of Basel.

Table of Contents

1 Introduction — 2 The Economics and the Politics of Exchange Rate Regimes — 3 Monetary Integration in the XIXth century — 4 The Endogeneity of Fixed Exchange Rates — 5 Industrial Interests in Monetary Union: The Banking Industry — 6 Bureaucratic Interests in Monetary Union: The Bundesbank — 7 Monetary Disintegration in the Former Soviet Union — 8 Conclusion

Editorial Reviews

Hefeker (economics, U. of Basel) evaluates the question of exchange rate regime choice, providing a framework which challenges the traditional and normative theory of monetary integration by focusing on interest groups such as industries and bureaucracies to analyze how they influence policymakers and the outcome of economic policy. The author also examines European monetary integration in the last century and today, as well as monetary disintegration in the former Soviet Union. Annotation c. by Book News, Inc., Portland, Or.

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