European monetary integration & domestic politics : Britain, France, and Italy / James I. Walsh.

Format:

Book

Author/Creator:

Walsh, James I., author.

Language:

English

Subjects (All):

Economic and Monetary Union.

Foreign exchange rates--Government policy--Great Britain.

Foreign exchange rates.

Foreign exchange rates--Government policy--France.

Foreign exchange rates--Government policy--Italy.

Monetary policy--European Economic Community countries.

Monetary policy.

Physical Description:

1 online resource (192 p.)

Place of Publication:

Boulder, Colorado ; London, [England] : Lynne Rienner Publishers, 2000.

Language Note:

English

Summary:

This book explains why three countries--Britain, France, and Italy--that have faced similar problems of high inflation and currency depreciation since the 1970s--Britain, France, and Italy--have pursued very different international monetary strategies. Walsh argues that international monetary policies produce predictable sets of winners and losers, and that policy choice is a function of how industrial firms, banks, and labor unions organize and deploy their political resources. He draws on a wealth of primary data and interviews to reconstruct the domestic politics and international bargaining behind European single currency.

Contents:

Title page; copyright page; Contents; Tables and Figures; Table 1.1 Trade Patterns; Table 1.2 Indicators of Bank-Industry Ties; Table 2.1 National Preferences Regarding the Rules of the European Monetary System, 1970s ; Table 3.1 Annual Percentage Changes in Consumer Prices, 1979-1987; Table 3.2 Percentage Realignments of Central Parities; Figure 3.1 Index of Monthly Mark Exchange Rates, 1979-1987; Figure 3.2 Annual Percentage Change in Real Effective Exchange Rates, 1979-1987; Figure 3.3 Index of Real Effective Exchange Rate of Sterling, 1978-1988

Table 3.3 Changes in Exchange Rates and Policy Choices, 1979-1988Table 4.1 Monetary Union Preferences and Outcomes; Figure 5.1 Index of Monthly Mark Exchange Rates, 1988-1998; Table 5.1 Annual Percentage Changes in Consumer Prices, 1988-1997; Figure 5.2 Annual Percentage Change in Real Effective Exchange Rates, 1988-1997; Figure 5.3 Index of Monthly Dollar Exchange Rates, 1988-1998; Table 5.2 Composition of Italian Governments, 1989-1998; Table 5.3 Changes in Exchange Rates and Policy Choices, 1988-1999; Acknowledgments; ch1-Politics and Exchange Rates; Explaining Exchange-Rate Policy

International InstitutionsPlan of the Book; Notes; ch2-Negotiating the European Monetary System; The Snake; Overview of the Negotiations; Britain: The Primacy of Domestic Politics; France: A Preoccupation with Economic Power; Italy: A Complicated Political Puzzle; Comparisons and Conclusions; Notes; ch3-Exchange-Rate Politics, 1979-1988; The Economic Environment; Britain: Political Conflict and Exchange-Rate Appreciation; France: Devaluation and Competitiveness; Italy; Comparisons and Conclusions; Notes; ch4-Negotiating Monetary Union; The European Monetary System, 1979-1988

Negotiating MaastrichtComparisons; Notes; ch5-Exchange-Rate Politics, 1989-1999; The Evolution of European Monetary Cooperation, 1989-1999; Britain: In and Out of the Exchange-Rate Mechanism; France: The Politics of Competitive Disinflation; Italy: Monetary Expansion and Fiscal Contraction; Comparisons and Conclusions; Notes; ch6-Conclusions and Prospects; The Findings: Exchange-Rate Politics; The Findings: International Institutions; The Transition to Monetary Union; Implications; Notes; Selected Bibliography; Index; About the Book

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-62637-342-6