International Monetary Relations in the New Global Economy

The studies included in these two volumes have been selected to highlight key recent contributions to scholarship on the political economy of international monetary relations. Over the last decade, the central theme of research in this area has been the growth and increasingly pervasive influence of capital mobility. The papers collected here have significantly advanced theoretical and analytical understanding of the causes and, even more importantly, the political and economic consequences of financial liberalization. Among the issues addressed are the impact of growing capital mobility on domestic policy, the choice of exchange-rate regimes and monetary institutions, governance of international capital, policy cooperation and monetary integration. These volumes will be of particular interest to specialists in international political economy.