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

250 The Triad and the Unholy Trinity: Problems of International Monetary Cooperation Moreover, the big picture—much in the manne ...

Benjamin J.Cohen 251 joint initiatives seem warranted. Net benefits, as a result, tend to be diminished over time. Multilateral ...

252 The Triad and the Unholy Trinity: Problems of International Monetary Cooperation the possible improvement in the usefulness ...

Benjamin J.Cohen 253 to be “back-loaded” in the perceptions of the relevant policy-makers. That is because governments have an u ...

254 The Triad and the Unholy Trinity: Problems of International Monetary Cooperation for the process, can a solution be found th ...

Benjamin J.Cohen 255 The principal exception in recent years has been the joint currency float (the “snake”) of the European Com ...

256 The Triad and the Unholy Trinity: Problems of International Monetary Cooperation it just that much more difficult for policy ...

257 16 Exchange Rate Politics JEFFRY A.FRIEDEN Government policies toward national currencies can be controversial. Commitments ...

258 Exchange Rate Politics To understand the reasons for variation in the political significance of currency issues, we can star ...

Jeffry A.Frieden 259 interests, so that political pressures from concentrated groups can be expected. Currency movements affect ...

260 Exchange Rate Politics Economic agents also care about the level of the currency’s value. Typically, producers of tradable g ...

Jeffry A.Frieden 261 Another complication is that the two issues, exchange rate flexibility and currency value (the horizontal a ...

262 Exchange Rate Politics world trade and payments were at extremely high levels. Indeed, there is strong evidence that capital ...

Jeffry A.Frieden 263 Exchange Rate Politics in the United States, 1870–1935 Monetary policy was, along with the tariff, the grea ...

264 Exchange Rate Politics currency meant higher dollar prices for their exportable crops. Silver miners similarly joined as sil ...

Jeffry A.Frieden 265 The third episode stretched from soon after the end of the First World War until the middle 1930s. The dist ...

266 Exchange Rate Politics were avoided, pro-gold groups were anti-devaluation. Those groups in, so to speak, the off-diagonals, ...

Jeffry A.Frieden 267 Both aspects of the argument presented above should be relevant to European monetary integration. First, po ...

268 Exchange Rate Politics the same token, import-competing tradables producers—especially those in traditionally high-inflation ...

Jeffry A.Frieden 269 cleavages and potential alliances. Divisions between tradables and non-tradables sectors were not particula ...