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Scope and Limits of International Economic Cooperation and Policy Coordination

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  • Jocelyn Horne

    (International Monetary Fund)

  • Paul R. Masson

    (International Monetary Fund)

Abstract

Several important issues relating to international economic cooperation and policy coordination are considered for the scope and limits to both within the present international monetary system. Sources of the perceived need for cooperation and coordination are identified, and the experience of countries with policy coordination within the current international system are described. The benefits and costs to policy coordination are then discussed, followed by consideration of ways to increase the effectiveness of international cooperation.

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Bibliographic Info

Article provided by Palgrave Macmillan in its journal Staff Papers - International Monetary Fund.

Volume (Year): 35 (1988)
Issue (Month): 2 (June)
Pages: 259-296

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Handle: RePEc:pal:imfstp:v:35:y:1988:i:2:p:259-296

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Cited by:
  1. Fabrice Capoen & Jérôme Creel, 2007. "Efficiency of stability-oriented institutions: the European case," Sciences Po publications, Sciences Po N°2007-06, Sciences Po.
  2. Patrick Artus, 1992. "Passage à l'union économique et monétaire en Europe : effets sur la croissance et les politiques budgétaires," Économie et Prévision, Programme National Persée, Programme National Persée, vol. 106(5), pages 123-137.
  3. Mina Baliamoune, 2000. "Economics of Summitry: An Empirical Assessment of the Economic Effects of Summits," Empirica, Springer, Springer, vol. 27(3), pages 295-319, September.
  4. Jaromir Benes & Michael Kumhof & Douglas Laxton & Dirk Muir & Susanna Mursula, 2013. "The Benefits of International Policy Coordination Revisited," IMF Working Papers, International Monetary Fund 13/262, International Monetary Fund.
  5. A.J. Hallet, 1998. "When Do Target Zones Work? An Examination of Exchange Rate Targeting as a Device for Coordinating Economic Policies," Open Economies Review, Springer, Springer, vol. 9(2), pages 115-138, April.

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