POLI 445 Lecture Notes - Lecture 1: Neoclassical Realism, Macroeconomics
30 Jan 2018
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Document Summary
Intl regimes: norms and explicit rules that govern the behavior of participants in the intl system. What happens when a dominant one is replaced by another: the intl monetary system"s impact on the intl economy. Intl monetary regime a foundation on which other activities are built. If payments are difficult to make, trade and intl investment will be difficult: this list is important for understanding the choices states make when they think about the things on the first list above. Stable, open international financial systems provide flows of international investments, means for making payments, establishing trade relationships, etc. Stable, international financial systems require: recognized, useful medium of exchange, need some form of money that"s trusted and viewed as credible over time. Intermediating institutions - private banks, sanctioned and regulated in some fashion by local government. Remember, we are examining the political explanations for this, not economic.
