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Exchange Rate Choices and National Security

In: Economic Instruments of Security Policy

Author

Listed:
  • Gary M. Shiffman
  • James J. Jochum

Abstract

A country can be more or less susceptible to external monetary actions based upon the way in which its currency gets traded internationally. Think of a domestic currency in three ways: as the domestic money produced by a state, as a medium of exchange that allows for international trade in goods and services, and as a good itself, traded in international financial markets. We will explore these three sides of the concept with the goal of considering specific policies—ways to use international finance to influence foreign leaders.

Suggested Citation

  • Gary M. Shiffman & James J. Jochum, 2011. "Exchange Rate Choices and National Security," Palgrave Macmillan Books, in: Economic Instruments of Security Policy, edition 0, chapter 0, pages 123-137, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-12362-6_7
    DOI: 10.1057/9781137123626_7
    as

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