International Policy Coordination and Exchange Rate Fluctuations - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Policy Coordination and Exchange Rate Fluctuations write by William H. Branson. This book was released on 2007-12-01. International Policy Coordination and Exchange Rate Fluctuations available in PDF, EPUB and Kindle. Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.
Exchange Rates and Policy Coordination
Exchange Rates and Policy Coordination - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exchange Rates and Policy Coordination write by Peter B. Kenen. This book was released on 1989. Exchange Rates and Policy Coordination available in PDF, EPUB and Kindle.
International Coordination of Economic Policies
International Coordination of Economic Policies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Coordination of Economic Policies write by International Monetary Fund. This book was released on 1988-06-29. International Coordination of Economic Policies available in PDF, EPUB and Kindle. This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range and specificivity of policies to be coordinated, and the frequency of coordination. In evaluating the methods of coordination, the emphasis is on the broad issues of rules versus discretion, single-indicator versus multi-Indicator systems, and hegemonic versus symmetric systems. Finally, using the MULTIMOD global macroeconomic model, some simulations are presented of several rule-based proposals for coordination.
International Macroeconomic Policy Coordination
International Macroeconomic Policy Coordination - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook International Macroeconomic Policy Coordination write by Group of Thirty. This book was released on 1988. International Macroeconomic Policy Coordination available in PDF, EPUB and Kindle.
The Political Economy of Policy Coordination
The Political Economy of Policy Coordination - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Political Economy of Policy Coordination write by Michael C. Webb. This book was released on 2019-05-15. The Political Economy of Policy Coordination available in PDF, EPUB and Kindle. Michael C. Webb explores a central question about postwar economic history: how has the growth of international markets affected the coordination of economic policy among nations? His analysis overturns the popular assumption that policy coordination has eroded as American hegemony has receded. Instead, he argues that the growing mobility of capital forced governments to abandon the strategies they had used in the 1950s and 60s to insulate monetary and fiscal policies from international influences, and to move toward more direct coordination of central economic strategies. Webb shows that since 1945 there has been a crucial shift in the pattern of international collaboration. He focuses on three types of adjustment policy: trade and capital controls, balance-of-payment lending and intervention in foreign-exchange markets, and monetary and fiscal policies. Noting that the first two types are no longer effective, he demonstrates that governments now rely more on monetary and fiscal policy coordination to regulate the global economy. As the expansion of international finance created greater turbulence in the global economy in the 1980s, the liberal system of international trade threatened to collapse. Webb examines in particular how the United States, Japan, and Germany took unprecedented steps to coordinate monetary and fiscal policies in the late 1980s and early 1990s, although domestic political obstacles—not any decline in U.S. power—limited the impact of this policy coordination. He concludes by assessing the effectiveness of these attempts to reconcile the goal of a stronger liberal system of economic exchange with the desire to maintain national autonomy.
