European — American Relations: the Political Context

Abstract

Monetary policy — as some within the British Government are again discovering — does not exist in isolation. It interacts with a wide range of other areas of policy: economic, industrial, commercial, foreign policy. So it is with monetary co-operation. The relationship between the dollar and the major European currencies may rest in the first instance on the technical expertise of central banks, consulting and co-operating closely with each other within a tight and relatively closed network. But the context within which those central bankers operate is shaped by much wider economic, political and security factors.KeywordsMonetary PolicyForeign PolicyEuropean MonetaryInternational Monetary SystemAmerican Foreign PolicyThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.