The Political Economy of Exchange Rate Policy-Making: From the Gold Standard to the EuroSteven 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. |
Contents
| 1 | |
2 The Political Economy of Exchange Rate PolicyMaking | 10 |
3 Contextualising the Return to Gold | 33 |
4 The Return to the Gold Standard | 57 |
5 The Golden Shield | 78 |
6 The Collapse of the Strategy | 101 |
7 Britains Membership of the Exchange Rate Mechanism | 119 |
Other editions - View all
The Political Economy of Exchange Rate Policy-Making: From the Gold Standard ... S. Kettell No preview available - 2004 |
The Political Economy of Exchange Rate Policy-Making: From the Gold Standard ... Steven Kettell No preview available - 2004 |
Common terms and phrases
anti-inflationary argued Bank of England Bonefeld Britain’s economic British economy capital accumulation capital and labour capitalist Chancellor Churchill circuit of capital Committee competitive conditions and policy-making contain class struggle continued core executive credibility crisis decision deflation depoliticisation Despite discipline domestic economic and political economic conditions economic policy economic policy-making effects ensure euro Eurozone exchange rate policy-making exchange rate regime export favour FBI Bulletins fixed exchange rate floating exchange rate global gold standard governing strategy government’s Hawtrey high political HM Treasury increasingly inflation inflationary interest rates issues labour movement Labour Party majority membership ment MFGB monetary policy Niemeyer nomic Norman Diaries Norman to Strong officials open Marxist organisation policy credibility politicised postwar pound pressure prewar production relatively remained responsibility return to gold rise single currency social sterling trade union Treasury TUC Annual Reports TUCGC unemployment various including wages