Political Economy of Monetary Institutions (International Organization Readers) - Softcover

Softcover

ISBN 10: 0262524147 ISBN 13: 9780262524148

Publisher: MIT Press, 2003

Synopsis

Political economists consider the political and economic factors that affect a country's choice of monetary institutions.

Recent analysis by political economists of monetary institution determinants in different countries has been limited by the fact that exchange rate regimes and central bank institutions are studied in isolation from each other, without examining how one institution affects the costs and benefits of the other. By contrast, the contributors to this volume analyze the choice of exchange rate regime and level of central bank independence together; the articles (originally published in a special issue of International Organization) constitute a second generation of research on the determinants of monetary institutions. The contributors consider both economic and political factors to explain a country's choice of monetary institutions, and examine the effect of political processes in democracies, including interest group pressure, on the balance between economic and distributional policy.

About this title

About the Author:

William Bernhard is Associate Professor of Political Science at the University of Illinois at Urbana-Champaign.

About this edition

• Publisher: MIT Press
• Publication date: 2003
• ISBN 10: 0262524147
• ISBN 13: 9780262524148
• Binding: Paperback
• Number of pages: 240
• Editor: Bernhard William, Broz J Lawrence, Clark William Roberts