The Political Economy of Exchange Rate Policy-Making

Steven Kettell analyzes the development of exchange rate policymaking from a Marxist perspective. He examines and provides a new means of understanding three key policymaking episodes in Britain - the return to the gold standard in 1925, membership of the European Exchange Rate Mechanism from 1990-1992 and the possibility of joining the Single European Currency. The alternative means of understanding these policy episodes provides a basis for making wider generalizations about the political economy of exchange rate policymaking.

Autorentext
STEVEN KETTELL received his Ph.D. from the Department of Politics and International Studies at the University of Warwick in 2003. He is currently working as a teaching fellow in the Department of Political Science and International Studies at the University of Birmingham.

Zusammenfassung
Steven Kettell analyzes the development of exchange rate policymaking from a Marxist perspective.

Inhalt
Introduction : Themes, Schemes, and Exchange Rate Regimes The Political Economy of Exchange Rate Policy-Making Contextualising the Return to Gold The Return to the Gold Standard The Golden Shield The Collapse of the Strategy Britain's Membership of the Exchange Rate Mechanism Britain and the Single European Currency Conclusion : Exchange Rate Policy-Making Reconsidered