Exchange Rates and Cohesion
Historical Perspectives and Political‐Economy Considerations
Bibliographic Data
| ID | 6282769 |
|---|---|
| Authors | Barry Eichengreen (0000-0002-1683-4486, Centre for Economic Policy Research), David Leblang (0000-0003-1315-3092, University of Colorado Boulder) |
| Year | 2003 |
| Volume | 41 |
| Issue | 5 |
| Pages | 797-822 |
| Publication date | 2003-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JCMS Journal of Common Market Studies (JOURNAL) |
| Journal identifiers | ISSN: 0021-9886 • E-ISSN: 1468-5965 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-5965.2003.00464.x |
| OpenAlex | W2045535418 |
| Language | EN |
| Citations received | 5 |
| References cited | 44 |
We consider the political economy of exchange rate choice and its implications for economic growth from an historical perspective. Previous studies have tended to find only a weak association between the choice of exchange rate regime on the one hand and growth and cohesion on the other. Our findings confirm this negative result, but then go on to explain it by showing that the implications of the exchange rate regime for growth and cohesion are context‐specific. They show that the choice of entry rate is important and that when the global monetary regime operates as an engine of deflation it is inadvisable for countries to link up to it. We draw out the implications of these findings for the debate over Britain and the euro
Cohesion (chemistry · Deflation · Economics · Exchange rate · Macroeconomics · Monetary economics · Monetary policy · Political science · Politics · Economic Policies and Impacts · Global Financial Crisis and Policies · Law · Monetary Policy and Economic Impact
What is European Economic and Monetary Union Telling us About the Properties of Optimum Currency Areas
Monetary Policy Autonomy in European Non-Euro Countries, 1980–2005
Between Science and Engineering
Policy Signaling and Foreign Electoral Uncertainty
Fear of Floating and the External Effects of Currency Unions
European Political Facts 1918–73
Who Adjusts?
World Development Report 2000/2001
Finance and the sources of growth
An Estimate of the Effect of Common Currencies on Trade and Income
Fear of Floating
One money, one market
Some Tests of Specification for Panel Data
Partisan Politics in the Global Economy
State, Economy and Society in Western Europe, 1815–1975
Elections in Western Europe since 1815
A Reconsideration of the Twentieth Century
The Political Mobilization of the European Left, 1860–1980
Japanese Political History since the Meiji Renovation 1868–2000
Capital mobility, exchange rates and fiscal policy in the global economy
Exchange Rates and Economic Recovery in the 1930s
Exchange Rates and Economic Recovery in the 1930s
A Political Explanation of Variations in Central Bank Independence
Party government in 20 democracies
Domestic Political Institutions and Exchange Rate Commitments in the Developing World
Domestic and Systemic Determinants of Capital Controls in the Developed and Developing World
Capital mobility, trade, and the domestic politics of economic policy
Political System Transparency and Monetary Commitment Regimes
Democratic Institutions and Exchange-rate Commitments
Exchange Control and the Argentine Market
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,24 |
| Citation span | 2005 - 2021 (17) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |