We consider the political economy of exchange rate choice and its implications for economic growth from an historical perspective. Previous studies have tended to find only a weak association between the choice of exchange rate regime on the one hand and growth and cohesion on the other. Our...

The relationship between democracy and globalization has been a subject of both scholarly and policy debate. Some argue that the two go hand in hand - that unrestricted international transactions encourage political accountability and transparency and that politically free societies are least...