International Policy Coordination: The Long View
AbstractThis paper places current efforts at international economic policy coordination in historical perspective. It argues that successful cooperation is most likely in four sets of circumstances. First, when it centers on technical issues. Second, when cooperation is institutionalized – when procedures and precedents create presumptions about the appropriate conduct of policy and reduce the transactions costs of reaching an agreement. Third, when it is concerned with preserving an existing set of policies and behaviors (when it is concerned with preserving a policy regime). Fourth, when it occurs in the context of broad comity among nations. These points are elaborated through a review of 150 years of historical experience and then used to assess the scope for cooperative responses to the current economic crisis.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 17665.
Date of creation: Dec 2011
Date of revision:
Publication status: published as International Policy Coordination: The Long View , Barry Eichengreen. in Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century , Feenstra and Taylor. 2014
Note: DAE IFM
Contact details of provider:
Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Web page: http://www.nber.org
More information through EDIRC
Other versions of this item:
- F0 - International Economics - - General
- F3 - International Economics - - International Finance
- N0 - Economic History - - General
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Toniolo,Gianni Assisted by-Name:Clement,Piet, 2005.
"Central Bank Cooperation at the Bank for International Settlements, 1930–1973,"
Cambridge University Press, number 9780521845519, April.
- Toniolo,Gianni Assisted by-Name:Clement,Piet, 2007. "Central Bank Cooperation at the Bank for International Settlements, 1930–1973," Cambridge Books, Cambridge University Press, number 9780521043700, April.
- Nikolaus Wolf, 2010.
"Europe's Great Depression: coordination failure after the First World War,"
Oxford Review of Economic Policy,
Oxford University Press, vol. 26(3), pages 339-369, Autumn.
- Wolf, Nikolaus, 2010. "Europe’s Great Depression: Coordination Failure after the First World War," CEPR Discussion Papers 7957, C.E.P.R. Discussion Papers.
- Nikolaus Wolf, 2010. "Europe's Great Depression - Coordination Failure after the First World War," CESifo Working Paper Series 3164, CESifo Group Munich.
- Meissner, Christopher M., 2005. "A new world order: explaining the international diffusion of the gold standard, 1870-1913," Journal of International Economics, Elsevier, vol. 66(2), pages 385-406, July.
- Endres,Anthony M. & Fleming,Grant A., 2002. "International Organizations and the Analysis of Economic Policy, 1919–1950," Cambridge Books, Cambridge University Press, number 9780521792677, April.
- Gallarotti, Guilio M., 1995. "The Anatomy of an International Monetary Regime: The Classical Gold Standard 1880-1914," OUP Catalogue, Oxford University Press, number 9780195089905, Octomber.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Nobody said it would be easy, and nobody was right: On the (Im)possibilities of International Policy Coordination
by Manuel Bautista in NEP-HIS blog on 2012-05-30 22:24:08
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.