Who Adjusts? Domestic Sources of Foreign Economic Policy During the Interwar Years

Name: Who Adjusts? Domestic Sources of Foreign Economic Policy During the Interwar Years
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ISBN: 9780691017105

ISBN-10: 0691017107

ISBN-13: 9780691017105

Edition: 1994

Authors: Beth A. Simmons

List price: $79.00

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Description:

In this work Beth Simmons presents a fresh view of why governments decided to abide by or defect from the gold standard during the 1920s and 1930s. Previous studies of the spread of the Great Depression have emphasized "tit-for-tat" currency and tariff manipulation and a subsequent cycle of destructive competition. Simmons, on the other hand, analyzes the influence of domestic politics on national responses to the international economy. In so doing, she powerfully confirms that different political regimes choose different economic adjustment strategies.

Book details

List price: $79.00
Copyright year: 1994
Publisher: Princeton University Press
Publication date: 9/18/1997
Binding: Paperback
Pages: 344
Size: 5.98" wide x 8.98" long x 0.94" tall
Weight: 1.100
Language: English



List of Figures


List of Tables


Acknowledgments



Introduction


The Problem: Explaining International Economic Relations during the Interwar Years


The Argument of This Book


Toward an Explanation of the Policy Mix: Methodology and Organization


Findings



The Interwar Gold Standard


The Prewar and Interwar Gold Standards


The Norms of Gold Standard Adjustment


Explaining Policy Choice during the Interwar Years


Conclusions



The Determinants of External Imbalance


Politics, Credibility, and External Imbalance


Capital Movements


The Current Account


Conclusions


Appendix



Devaluation


Descriptive Statistics: Currency Depreciation


On Gold or Off?


Explaining Currency Depreciation


Domestic Politics and Currency Depreciation: The Evidence


Conclusions


Cumulative Results



France, 1924-1927


The Real Economy


Cracks in Credibility


From a Crack to a Gulf: January 1925-July 1926


The Politics of Credibility


Conclusions



Tariff Protection


Descriptive Statistics of Tariff Protection


Explaining Tariff Levels


Changes in Tariff Policy


Conclusions


Cumulative Results


Appendix



Deficits during Depression: Britain, Belgium, and France in the Thirties


Aggregate Introduction to the Cases and to the Policy Mix


The Case of Britain, 1929-1931


The Case of Belgium, 1934-1936


The Case of France, 1935-1937


Conclusions



Conclusions


The Argument


Major Findings


Implications for International Cooperation


Implications for International Political Economy


Parting Words



General Data Appendix



Central Bank Independence Data


Select Bibliography


Index