Contemporary analysis by political ecomists of monetary institution determinants in different countries has been limited by the fact that exchange rate regimes and central bank institutions are studied in isolation from each other, without examining how one institution affects the costs and benefits of the other. By contrasts, the contributors to this volume analyse the choice of exchange rate regime and level of central bank independence together; the articles constitute a second generation of research on the determinants of monetary institutions. The contributors consider both ecomic and political factors to explain a country's choice of monetary institutions, and examine the effect of political processes in democracies, including interest group pressure, on the balance of ecomic and distributional policy.
William Bernhard is Associate Professor of Political Science at the University of Illinois at Urbana-Champaign. William Roberts Clark is Assistant Professor in the Department of Politics at New York University.
MIT Press Ltd
Date of Publication
Economics: Professional & General
International Organization Readers
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Country of Publication
J. Lawrence Broz, William Bernhard, William Roberts Clark