Who adjusts ?: domestic sources of foreign economic policy during the interwar years

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 o...

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1. Verfasser: Simmons, Beth A. 1958- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Princeton, N.J. Princeton Univ. Press 1994
Schriftenreihe:Princeton studies in international history and politics
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Zusammenfassung: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
Using cross-sectional time series data and four cases, Simmons offers a profile of the domestic politics and institutions associated with capital flight, current account deficit, currency devaluation, and tariff protection - all of which were inconsistent with the demands of remaining on gold. She demonstrates that capital flight and current account deficits stemmed largely from governmental failure to develop credible anti-inflationary policies
Beschreibung:XII, 330 S.
ISBN:0691086419