The Launching of the EMS: An Analysis of Change in Foreign Economic Policy

  title={The Launching of the EMS: An Analysis of Change in Foreign Economic Policy},
  author={Jonathan Story},
  journal={Political Studies},
  pages={397 - 412}
Foreign exchange markets are subject to changing international regimes. When and why regimes change is a legitimate focus of political study. This is particularly so as shifts in foreign exchange markets modify relative prices in and between national economies. Authorities presiding over foreign exchange markets are answerable to their national policy communities and to their national electorates. They also operate within an international state system. Applying John S. Odell's framework to an… 

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