Who Adjusts?

Domestic Sources of Foreign Economic Policy during the Interwar Years
Erscheinungsjahr 1997
ISBN: 978-0-691-01710-5
Verlag: Princeton University Press

Buch, Englisch, 344 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 565 g

Reihe: Princeton Studies in International History and Politics

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.

Autoren/Hrsg.

Simmons, Beth A.

Fachgebiete

• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
• Geowissenschaften Umweltwissenschaften Umweltpolitik, Umweltprotokoll
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geschichte der VWL
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Umwelt- und Gesundheitspolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie

Inhaltsverzeichnis

List of FiguresList of TablesAcknowledgmentsCh. 1Introduction3The Problem: Explaining International Economic Relations during the Interwar Years4The Argument of This Book11Toward an Explanation of the Policy Mix: Methodology and Organization13Findings18Ch. 2The Interwar Gold Standard20The Prewar and Interwar Gold Standards20The Norms of Gold Standard Adjustment31Explaining Policy Choice during the Interwar Years42Ch. 3The Determinants of External Imbalance52Politics, Credibility, and External Imbalance52Capital Movements64The Current Account84Ch. 4Devaluation106Descriptive Statistics: Currency Depreciation107On Gold or Off?112Explaining Currency Depreciation118Domestic Politics and Currency Depreciation: The Evidence125Cumulative Results138Ch. 5France, 1924-1927140The Real Economy145Cracks in Credibility149From a Crack to a Gulf, January 1925-July 1926156The Politics of Credibility164Ch. 6Tariff Protection174Descriptive Statistics of Tariff Protection175Explaining Tariff Levels178Changes in Tariff Policy191Cumulative Results214Ch. 7Deficits during Depression: Britain, Belgium, and France in the Thirties219Aggregate Introduction to the Cases and to the Policy Mix223The Case of Britain, 1929-1931226The Case of Belgium, 1934-1936241The Case of France, 1935-1937256Ch. 8Conclusions275The Argument276Major Findings278Implications for International Cooperation282Implications for International Political Economy283Parting Words286Appendix I. General Data Appendix289Appendix II. Central Bank Independence Data299Select Bibliography305Index319