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Trading sovereignty for stability? The political economy of monetary integration

Published online by Cambridge University Press:  14 July 2010

JESSE RUSSELL
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Abstract

How do states attempt to mitigate the pressures of financial globalisation? This article suggests that options can be understood in terms of monetary regime choice. These are best understood with their international component included – whether states integrate unilaterally, integrate multilaterally, or go it alone monetarily. But to understand the international side of monetary relations, one must look to domestic political structures, histories and politics. It is important that to understand that within the pressures of the international system, domestic politics is a fons et origo determining the health and stability of international economic relations.

Type
Research Article
Information
Review of International Studies , Volume 37 , Issue 2 , April 2011 , pp. 673 - 690
Copyright
Copyright © British International Studies Association 2010

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