Interest Groups And Monetary Integration

This book analyzes monetary integration and the choice and collapse of exchange rate regimes from a positive political economy perspective by focusing on interest groups such as industries and bureaucracies to analyze how they influence policymakers and the outcome of economic policy.

Autorentext

Carsten Hefeker

Klappentext

The currency question, Disreali is reported to have said, has made even more persons mad than love. A quantitative test of the accuracy of this comparison is, in the present deplorable state of medical statistics, scarcely possible, But Disraeli may well have been right.

Inhalt

1 Introduction -- 2 The Economics and the Politics of Exchange Rate Regimes -- 3 Monetary Integration in the XIXth century -- 4 The Endogeneity of Fixed Exchange Rates -- 5 Industrial Interests in Monetary Union: The Banking Industry -- 6 Bureaucratic Interests in Monetary Union: The Bundesbank -- 7 Monetary Disintegration in the Former Soviet Union -- 8 Conclusion -- References -- Index -- About the book and Author.