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The Political Economy of Monetary Institutions

Editor

Listed:
  • William Bernhard
    (University of Illinois)

  • J. Lawrence Broz
    (University of California, San Diego)

  • William Roberts Clark
    (University of Michigan)

Abstract

Recent analysis by political economists of monetary institution determinants in different countries has been limited by the fact that exchange rate regimes and central bank institutions are studied in isolation from each other, without examining how one institution affects the costs and benefits of the other. By contrast, the contributors to this volume analyze the choice of exchange rate regime and level of central bank independence together; the articles (originally published in a special issue of International Organization) constitute a second generation of research on the determinants of monetary institutions. The contributors consider both economic and political factors to explain a country's choice of monetary institutions, and examine the effect of political processes in democracies, including interest group pressure, on the balance between economic and distributional policy.

Suggested Citation

  • William Bernhard & J. Lawrence Broz & William Roberts Clark (ed.), 2003. "The Political Economy of Monetary Institutions," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262524147, December.
  • Handle: RePEc:mtp:titles:0262524147
    as

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    More about this item

    Keywords

    monetary institutions; exchange rate regimes; central banks;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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