For much of the post-World War Two period, the world seemed on a path of ever-greater collaboration among the principal economic centers. In the past decade, economic and political trends have called this upward tendency into question. Within both advanced industrial and developing nations,...

Analyses of the political economy of exchange rate policy posit that firms and individuals in different sectors of the economy have distinct policy attitudes toward the level and stability of the exchange rate. Most such approaches hypothesize that internationally exposed firms prefer more...

Debt and balance of payments crises are politically controversial. In the aftermath of such crises, conflict typically breaks out over how the burden of adjustment will be distributed. There is international conflict, between debtor nations and creditor nations, over how outstanding debts will...