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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Bibliographic Details
Main Author: Simmons, Beth A., 1958-
Format: Book
Language:English
Published: Princeton : Princeton University Press, c1994
Princeton, N.J. : [1994], ©1994
Princeton, N.J. : c1994
Princeton, N.J. : ©1994
Princeton, N.J. : [1994]
Series:Princeton studies in international history and politics
Princeton studies in international history and politics
Princeton studies in international history and politics
Subjects:
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100 1 |a Simmons, Beth A.,  |d 1958- 
245 1 0 |a Who adjusts? :  |b domestic sources of foreign economic policy during the interwar years /  |c Beth A. Simmons 
260 |a Princeton :  |b Princeton University Press,  |c c1994 
260 |a Princeton, N.J. :  |b Princeton University Press,  |c [1994], ©1994 
260 |a Princeton, N.J. :  |b Princeton University Press,  |c c1994 
260 |a Princeton, N.J. :  |b Princeton University Press,  |c ©1994 
264 1 |a Princeton, N.J. :  |b Princeton University Press,  |c [1994] 
264 4 |c ©1994 
300 |a xii, 330 p. :  |b ill. ;  |c 24 cm 
300 |a xii, 330 p. :  |b ill. ;  |c 25 cm 
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440 0 |a Princeton studies in international history and politics 
490 1 |a Princeton studies in international history and politics  |0 http://viaf.org/viaf/sourceID/LC|n90704907 
490 1 |a Princeton studies in international history and politics 
500 |a This WorldCat-derived record is shareable under Open Data Commons ODC-BY, with attribution to OCLC  |5 CTY 
504 |a Includes bibliographical references (p. [305]-318) and index 
504 |a Includes bibliographical references (pages 305-318) and index 
504 |a Includes bibliographical references (pages [305]-318) and index 
504 |a Includes bibliographical references and index 
505 0 |a Ch. 1. 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 -- Ch. 2. The Interwar Gold Standard. The Prewar and Interwar Gold Standards. The Norms of Gold Standard Adjustment. Explaining Policy Choice during the Interwar Years -- Ch. 3. The Determinants of External Imbalance. Politics, Credibility, and External Imbalance. Capital Movements. The Current Account -- Ch. 4. Devaluation. Descriptive Statistics: Currency Depreciation. On Gold or Off? Explaining Currency Depreciation. Domestic Politics and Currency Depreciation: The Evidence. Cumulative Results -- Ch. 5. France, 1924-1927. The Real Economy. Cracks in Credibility. From a Crack to a Gulf, January 1925-July 1926. The Politics of Credibility -- Ch. 6. Tariff Protection. Descriptive Statistics of Tariff Protection. Explaining Tariff Levels. Changes in Tariff Policy. Cumulative Results 
505 0 |a Ch. 7. 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 -- Ch. 8. Conclusions. The Argument. Major Findings. Implications for International Cooperation. Implications for International Political Economy. Parting Words -- Appendix I. General Data Appendix -- Appendix II. Central Bank Independence Data 
505 0 0 |g Ch. 1  |t Introduction.  |t The Problem: Explaining International Economic Relations during the Interwar Years.  |t The Argument of This Book.  |t Toward an Explanation of the Policy Mix: Methodology and Organization.  |t Findings --  |g Ch. 2.  |t The Interwar Gold Standard.  |t The Prewar and Interwar Gold Standards.  |t The Norms of Gold Standard Adjustment.  |t Explaining Policy Choice during the Interwar Years --  |g Ch. 3.  |t The Determinants of External Imbalance.  |t Politics, Credibility, and External Imbalance.  |t Capital Movements.  |t The Current Account --  |g Ch. 4.  |t Devaluation.  |t Descriptive Statistics: Currency Depreciation.  |t On Gold or Off?  |t Explaining Currency Depreciation.  |t Domestic Politics and Currency Depreciation: The Evidence.  |t Cumulative Results --  |g Ch. 5.  |t France, 1924-1927.  |t The Real Economy.  |t Cracks in Credibility.  |t From a Crack to a Gulf, January 1925-July 1926.  |t The Politics of Credibility --  |g Ch. 6.  |t Tariff Protection.  |t Descriptive Statistics of Tariff Protection.  |t Explaining Tariff Levels.  |t Changes in Tariff Policy.  |t Cumulative Results --  |g Ch. 7.  |t Deficits during Depression: Britain, Belgium, and France in the Thirties.  |t Aggregate Introduction to the Cases and to the Policy Mix.  |t The Case of Britain, 1929-1931.  |t The Case of Belgium, 1934-1936.  |t The Case of France, 1935-1937 --  |g Ch. 8.  |t Conclusions.  |t The Argument.  |t Major Findings.  |t Implications for International Cooperation.  |t Implications for International Political Economy.  |t Parting Words.  |t Appendix I. General Data Appendix --  |t Appendix II. Central Bank Independence Data. 
520 |a 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 
520 |a 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. In turn, decisions to externalize the subsequent deficits, whether through high tariffs or devaluation, were also driven by domestic political conditions. Who Adjusts? thus moves beyond systemic theories of international political economy, adding a new dimension to the study of the interwar situation 
520 8 |a In so doing, she powerfully confirms that different political regimes choose different economic adjustment strategies 
520 8 |a In turn, decisions to externalize the subsequent deficits, whether through high tariffs or devaluation, were also driven by domestic political conditions. Who Adjusts? thus moves beyond systemic theories of international political economy, adding a new dimension to the study of the interwar situation 
520 8 |a 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 
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999 1 1 |l 1428199  |s ISIL:US-NNC  |t BKS  |a leh  |b 0050519107  |c HF1411 .S454 1994  |y 1859822  |p LOANABLE 
999 1 1 |l 9918125893503681  |s ISIL:US-PU  |t BKS  |a Libra stor  |b 31198016955564  |c HF1411 .S454 1994  |d 0  |x BOOK  |y 23253470000003681  |p LOANABLE 
999 1 1 |l 991007843669706966  |s ISIL:US-RPB  |t BKS  |a ROCK STACKS  |b 31236011466177  |c HF1411 .S454 1994  |d 0  |y 23320946000006966  |p LOANABLE