Monetary Orders : Ambiguous Economics, Ubiquitous Politics / Jonathan Kirshner.

Format:

Book

Contributor:

Kirshner, Jonathan, editor.

Series:

Cornell Studies in Political Economy Series

Cornell Studies in Political Economy

Language:

English

Subjects (All):

International Monetary Fund.

Globalization--Economic aspects.

Globalization.

Monetary policy--United States.

Monetary policy.

Monetary policy--Developing countries.

United States--Economic policy.

United States.

Developing countries--Economic policy.

Developing countries.

Genre:

Electronic books.

Physical Description:

1 online resource (vi, 319 p. :) ill. ;

Edition:

1st ed.

Place of Publication:

Ithaca, NY : Cornell University Press, [2018]

Language Note:

In English.

Summary:

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.

Contents:

Frontmatter

Contents

Contributors

Acknowledgments

PART 1: MONEY RULES: FOLLOW THE POLITICS

1. The Inescapable Politics of Money / Kirshner, Jonathan

2. Ideology, Power, and the Rise oflndependent Monetary Institutions in Emerging Economies / Grabel, Ilene

PART 2: SMALL STATES IN WORLD MARKETS

3. The Southern Side of Embedded Liberalism The Politics of Postwar Monetary Policy in the Third World / Helleiner, Eric

4. When Do States Abandon Monetary Discretion? Lessons from the Evolution of the CFA Franc Zone / Stasavage, David

5. National Strategy and National Money Politics and the End of the Ruble Zone, 1991-94 / Abdelal, Rawi

6. The Political Economy of Currency Boards Argentina in Historical and Comparative Perspective / Schamis, Hector E.

PART 3: GREAT POWERS AND MONEY POLITICS

7. China's Exchange Rate Policy in the Mtermath of the Asian Financial Crisis / Wang, Hongying

8. Internationalization of the Yen and the New Politics of Monetary Insulation / Grimes, William W.

9. Ideas, Power, and the Politics of U.S. International Monetary Policy during the 1g6os / Gavin, Francis

10. Franco-German Interests in European Monetary Integration The Search for Autonomy and Acceptance / Chang, Michele

PART 4: THE POLITICS OF UNGOVERNED CAPITAL

11. The Political Power of Financial Ideas Transparency, Risk, and Distribution in Global Finance / Blyth, Mark

12. Explaining Choices about Money Disentangling Power, Ideas, and Conflict / Kirshner, Jonathan

References

Index

Notes:

Includes bibliographical references (p. [281]-310) and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Mrz 2019)

Description based on publisher supplied metadata and other sources.

ISBN:

9781501731624

1501731629

OCLC:

1080551742