Monetary Orders: Ambiguous Economics, Ubiquitous Politics / Edition 1

Monetary Orders: Ambiguous Economics, Ubiquitous Politics / Edition 1

by Jonathan Kirshner
     
 

ISBN-10: 0801488400

ISBN-13: 9780801488405

Pub. Date: 03/15/2003

Publisher: Cornell University Press

Wherever there is money, there is money politics-a subject demanding ever greater attention at a time when monetary policies lead and the real economy follows. A principal defining characteristic of the contemporary global economy, Jonathan Kirshner contends, is the rise and preeminence of monetary phenomena—international financial crises, Central Bank…  See more details below

Overview

Wherever there is money, there is money politics-a subject demanding ever greater attention at a time when monetary policies lead and the real economy follows. A principal defining characteristic of the contemporary global economy, Jonathan Kirshner contends, is the rise and preeminence of monetary phenomena—international financial crises, Central Bank Independence and inflation fighting, the creation of the euro, and monetary reform in emerging economies, to name only a few. Moreover, unlike most debates in political economy (such as those regarding trade policy), which are generally recognized as political, monetary phenomena and macroeconomic policies are typically represented as expressly apolitical. In Monetary Orders, a distinguished group of scholars explores the inescapable political origins of choices about money. The essays in Monetary Orders each address a specific issue or puzzle relating to money and its management. Their authors focus on markedly disparate cases but share a common observation: for most policy choices about money, market forces and economic logic can rule out certain options, but are indeterminate in explaining why one policy rather than another will be chosen. Ultimately, political factors are essential to explain fundamental and consequential choices about money.

Read More

Product Details

ISBN-13:
9780801488405
Publisher:
Cornell University Press
Publication date:
03/15/2003
Series:
Cornell Studies in Political Economy Series
Edition description:
New Edition
Pages:
336
Product dimensions:
6.13(w) x 9.25(h) x (d)

Table of Contents

Contributors
Acknowledgments
Pt. 1Money Rules: Follow the Politics
1The Inescapable Politics of Money3
2Ideology, Power, and the Rise of Independent Monetary Institutions in Emerging Economies25
Pt. 2Small States in World Markets
3The Southern Side of Embedded Liberalism: The Politics of Postwar Monetary Policy in the Third World55
4When Do States Abandon Monetary Discretion? Lessons from the Evolution of the CFA Franc Zone78
5National Strategy and National Money: Politics and the End of the Ruble Zone, 1991-9498
6The Political Economy of Currency Boards: Argentina in Historical and Comparative Perspective125
Pt. 3Great Powers and Money Politics
7China's Exchange Rate Policy in the Aftermath of the Asian Financial Crisis153
8Internationalization of the Yen and the New Politics of Monetary Insulation172
9Ideas, Power, and the Politics of U.S. International Monetary Policy during the 1960s195
10Franco-German Interests in European Monetary Integration: The Search for Autonomy and Acceptance218
Pt. 4The Politics of Ungoverned Capital
11The Political Power of Financial Ideas: Transparency, Risk, and Distribution in Global Finance239
12Explaining Choices about Money: Disentangling Power, Ideas, and Conflict260
References281
Index311

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >