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Currency Politics

The Political Economy of Exchange Rate Policy

Jeffry A. Frieden

$42.99

Paperback

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English
Princeton University Pres
06 September 2016
The exchange rate is the most important price in any economy, since it affects all other prices. Exchange rates are set, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few definitive explanations of why governments choose the currency policies they do. Filled with in-depth cases and examples, Currency Politics presents a comprehensive analysis of the politics surrounding exchange rates. Identifying the motivations for currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry's characteristics--including its exposure to currency risk and the price effects of exchange rate movements--determine those preferences. Frieden evaluates the accuracy of his theoretical arguments in a variety of historical and geographical settings: he looks at the politics of the gold standard, particularly in the United States, and he examines the political economy of European monetary integration.

He also analyzes the politics of Latin American currency policy over the past forty years, and focuses on the daunting currency crises that have frequently debilitated Latin American nations, including Mexico, Argentina, and Brazil. With an ambitious mix of narrative and statistical investigation, Currency Politics clarifies the political and economic determinants of exchange rate policies.

By:  
Imprint:   Princeton University Pres
Country of Publication:   United States
Dimensions:   Height: 235mm,  Width: 152mm,  Spine: 20mm
Weight:   454g
ISBN:   9780691173849
ISBN 10:   0691173842
Pages:   320
Publication Date:  
Audience:   College/higher education ,  Professional and scholarly ,  Primary ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Jeffry A. Frieden is professor of Government at Harvard University and the author of many books, including Debt, Development, and Democracy (Princeton).

Reviews for Currency Politics: The Political Economy of Exchange Rate Policy

The book is readable for both economists and political scientists. I recommend Currency Politics to both sets of scholars. Economists will learn about the political aspects of exchange-regime choice and political scientists about the economic aspects. --Lawrence H. Officer, EH.Net In Currency Politics, a quarter century of scholarly rumination has been distilled in one definitive treatment... His attention to detail is remarkable, and wherever the data permit, he backs his qualitative discussion with solid quantitative analysis... Readers unfamiliar with any of these episodes will find the treatment enlightening, even fascinating. --Benjamin J. Cohen, Journal of Economic Literature


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