currency policy preferences on the part of industries seeking to influence politicians, Jeffry Frieden shows how each industry …, either directly or indirectly, by government policy. Exchange rates are also central to the global economy, for they … profoundly influence all international economic activity. Despite the critical role of exchange rate policy, there are few …

generated. Paper also discusses the relevance of unending policy debate about these theories in the current era with special … emphasis on policy implications with a view to draw pertinent lessons for the present and future. …