This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis shows that prospective members of the EMU are likely to pass on some costs of convergence to the current EMU members. The mechanism is an altered exchange-rate policy that...

This book focuses on the role of interest groups and their lobbying efforts in public policy. It applies strategic contest theory as the basic methodology and clarifies the fundamental parameters that determine the behavior of the government and the interest groups. It illustrates the proposed...