International Constraints and Domestic Choices
Economic Convergence and Exchange Rate Policy in France and Italy
Bibliographic Data
| ID | 6345877 |
|---|---|
| Authors | James I Walsh (0000-0002-5833-1705, The American University, Washington D.C., corresponding author) |
| Year | 1994 |
| Volume | 42 |
| Issue | 2 |
| Pages | 243-258 |
| Publication date | 1994-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Political Studies (JOURNAL) |
| Journal identifiers | ISSN: 0032-3217 • E-ISSN: 1467-9248 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1111/j.1467-9248.1994.tb01910.x |
| OpenAlex | W2008809703 |
| Language | EN |
| Citations received | 17 |
As tensions in the European Monetary System demonstrate, international capital flows can have a decisive influence on countries' economic policies. The external constraint of high international capital mobility led the countries of Western Europe in the 1980s to attempt to stabilize their exchange rates and converge toward low levels of inflation. Yet this process was not uniform: French governments pursued a rigorous anti-inflationary policy of high interest rates and a strengthening currency, while Italian governments had difficulty controlling inflation and maintaining the lira in the European Monetary System. This difference is best explained by comparing political institutions and policymaking processes in the two countries. Particular attention is given to political leaders' access to economic policy tools and their capacity to design and implement long-term goals
Capital (architecture · Common currency · Constraint (computer-aided design · Convergence (economics · Currency · Economics · European Monetary System · Exchange rate · Inflation (cosmology · International economics · Lira · Macroeconomics · Monetary economics · Monetary policy · Political science · Politics · Economic Theory and Policy · Global Financial Crisis and Policies
Welfare reform in the shadow of EMU
Euros and Europeans
Constraint or motor? Monetary integration and the construction of a social model in Spain
Industrial relations in EMU
The political dynamics of external empowerment
The EMU macroeconomic policy regime and the European social model
France and Italy's Policies on European Monetary Integration
The policy effects of internationalization
The Domestic Origins of Depoliticisation in the Area of British Economic Policy
Did globalization restrict partisan politics? An empirical evaluation of social expenditures in a panel of OECD countries
Measuring the impact of consultative citizen participation
Contesting Europeanisation
Politics and Exchange Rates
A theory of policy advisory system quality
Italy and EMU as a 'Vincolo Esterno
The JCMS Annual Lecture
How Constraining is Capital Mobility? The Partisan Hypothesis in an Open Economy
| Unique citing works | 17 |
|---|---|
| Citations per year | 0,53 |
| Citation span | 1994 - 2025 (32) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 17 |