Financial Interdependence and the State: International Monetary Relations at Century's End

Abstract

As the twentieth century draws to a close, one can find sharply contrasting views among leading scholars on almost every key issue in positive international political economy. How strong are international as opposed to domestic influences on policy? How important are issues of national security (”high politics”) versus economic considerations(”low politics”)? What role do institutions—international and domestic—play in influencing and constraining the behavior of governments? Why is international cooperation rare but not unheard of? The list goes on and on.