In the first of three lectures in Spring 2017, CISSR welcomed Jeffry Frieden, Harvard University Professor of Government, for a discussion of the political economy of exchange rate policy.
By Jeffry Frieden’s account, the exchange rate of a currency is the single most important price in any economy, yet is subject to political pressure and rarely set by solely economic considerations. Currency policy involves significant economic trade-offs that implicate powerful interests in society, but which set of interests predominates varies greatly across time and space.
Drawing on examples like the gold standard in the nineteenth century, European monetary integration, and Latin American currency choice and crises, Frieden explains the development of monetary policy within the shifting global economic and political order.
Jeffry Frieden is Professor of Government at Harvard University. He specializes in the politics of international monetary and financial relations. Frieden is the author of Currency Politics: The Political Economy of Exchange Rate Policy (2015); and (with Menzie Chinn) of Lost Decades: The Making of America’s Debt Crisis and the Long Recovery (2011). Frieden is also the author of Global Capitalism: Its Fall and Rise in the Twentieth Century (2006), of Banking on the World: The Politics of American International Finance (1987), of Debt, Development, and Democracy: Modern Political Economy and Latin America, 1965‑1985 (1991), and is the co-author or co-editor of over a dozen other books on related topics. His articles on the politics of international economic issues have appeared in a wide variety of scholarly and general-interest publications.
Spring Quarter Lecture Series
Currency Politics: The Political Economy of Exchange Rate Policy
Jeffry Frieden, Harvard University
April 20th • 5-6:30 pm
Reception to follow
Classics Building, Room 110
1010 East 59th Street