International Political Economy: Perspectives on Global Power and Wealth, Fourth Edition

190 Strategic Trade and Investment Policies particular, the World Trade Organisation, the main guarantor of an open trading syst ...

Jeffrey A.Hart and Aseem Prakash 191 the global economy. However, STIPs as intervention games...highlight the need for developin ...

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193 IV MONEY AND FINANCE The international economy, like domestic economies, requires a common monetary standard to function smo ...

194 Money and Finance standard; the British pound sterling, backed by a strong government and the world’s leading financial cent ...

Money and Finance 195 Even as the new international financial system, generally known as the Euromarket, was gathering steam, th ...

196 Money and Finance system implied. The principal strategy has been to seek stability through cooperative regional agreements. ...

Money and Finance 197 their detriment, and they have proposed sweeping reforms. However, most developed nations believe that the ...

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199 13 The Domestic Politics of International Monetary Order: The Gold Standard LAWRENCE BROZ In the late nineteenth and early t ...

200 The Domestic Politics of International Monetary Order: The Gold Standard “hegemon,” that either unilaterally provides the in ...

Lawrence Broz 201 The argument advanced in this chapter allows for the possibility of stable international monetary regimes in c ...

202 The Domestic Politics of International Monetary Order: The Gold Standard because groups in other countries absorb some of th ...

Lawrence Broz 203 international relations in which unilateral actions taken for domestic reasons generate positive spillover eff ...

204 The Domestic Politics of International Monetary Order: The Gold Standard THE CLASSICAL GOLD STANDARD Like other internationa ...

Lawrence Broz 205 of gold losses or frequent variations in interest rates, the central banks developed other techniques for deal ...

206 The Domestic Politics of International Monetary Order: The Gold Standard The Napoleonic Wars set the stage for the formal in ...

Lawrence Broz 207 burgeoning worldwide trading relations, played a key role in this transition. Nathan Rothschild, for example, ...

208 The Domestic Politics of International Monetary Order: The Gold Standard The international segment of the financial sector w ...

Lawrence Broz 209 obligations and to service British overseas portfolio investments. Finally, Britain’s pledge of convertibility ...