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Handbook of Safeguarding Global Financial Stability by Gerard Caprio

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Chapter 8

The Political Economy of International Monetary Policy Coordination

J.A. Frieden* and J.L. Broz

*Harvard University, Cambridge, MA, USA

University of California, San Diego, CA, USA

Outline

Introduction

Exchange rates have been the focus of a great deal of international attention over the past two decades. Spectacular currency crises in emerging markets have thrown whole regions into economic and political turmoil. Major countries have accused one another of purposely manipulating their currencies, leading to acrimonious disputes that implicate ...

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