The Political Economy of Exchange Rate Policy-Making

1. Front Matter

   Pages i-x

   PDF

2. Introduction: Themes, Schemes, and Exchange Rate Regimes

   • Steven Kettell

   Pages 1-9

3. The Political Economy of Exchange Rate Policy-Making

   • Steven Kettell

   Pages 10-32

4. Contextualising the Return to Gold

   • Steven Kettell

   Pages 33-56

5. The Return to the Gold Standard

   • Steven Kettell

   Pages 57-77

6. The Golden Shield

   • Steven Kettell

   Pages 78-100

7. The Collapse of the Strategy

   • Steven Kettell

   Pages 101-118

8. Britain’s Membership of the Exchange Rate Mechanism

   • Steven Kettell

   Pages 119-144

9. Britain and the Single European Currency

   • Steven Kettell

   Pages 145-162

10. Conclusion: Exchange Rate Policy-Making Reconsidered

    • Steven Kettell

    Pages 163-172

11. Back Matter

    Pages 173-211

    PDF

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.

• economy
• Europe
• Policy
• political economy

STEVEN KETTELL received his Ph.D. from the Department of Politics and International Studies at the University of Warwick in 2003. He is currently working as a teaching fellow in the Department of Political Science and International Studies at the University of Birmingham.

Policies and ethics