Synopses & Reviews
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.
About the Author
Steven Kettell is a teaching fellow in the Department of Political Science and International Studies at the University of Birmingham.
Table of Contents
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