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Scope and Limits of International Economic Cooperation and Policy Coordination


  • Jocelyn Horne

    (International Monetary Fund)

  • Paul R. Masson

    (International Monetary Fund)


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.

Suggested Citation

  • Jocelyn Horne & Paul R. Masson, 1988. "Scope and Limits of International Economic Cooperation and Policy Coordination," IMF Staff Papers, Palgrave Macmillan, vol. 35(2), pages 259-296, June.
  • Handle: RePEc:pal:imfstp:v:35:y:1988:i:2:p:259-296

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    Cited by:

    1. Mina Baliamoune, 2000. "Economics of Summitry: An Empirical Assessment of the Economic Effects of Summits," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 27(3), pages 295-319, September.
    2. Fabrice Capoen & Jérôme Creel, 2007. "Efficiency of stability-oriented institutions: the European case," Sciences Po publications N°2007-06, Sciences Po.
    3. Franck Amalric & Henri Sterdyniak, 1989. "Interdépendance et coopération : les leçons d'une maquette," Revue de l'OFCE, Programme National Persée, vol. 26(1), pages 135-156.
    4. 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, vol. 106(5), pages 123-137.
    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, vol. 9(2), pages 115-138, April.
    6. Jacob A. Frenkel & Morris Goldstein & Paul R. Masson, 2017. "The Rationale for, and Effects of, International Economic Policy Coordination," World Scientific Book Chapters,in: TRADE CURRENCIES AND FINANCE, chapter 7, pages 241-298 World Scientific Publishing Co. Pte. Ltd..
    7. Peter Mooslechner & Martin Schuerz, 1999. "International Macroeconomic Policy Coordination: Any Lessons for EMU? A Selective Survey of the Literature," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 26(3), pages 171-199, September.
    8. Ayoki, Milton, 2017. "Estimating the Revenue Impacts of Tax Harmonisation," MPRA Paper 83548, University Library of Munich, Germany.
    9. Jaromir Benes & Michael Kumhof & Douglas Laxton & Dirk V Muir & Susanna Mursula, 2013. "The Benefits of International Policy Coordination Revisited," IMF Working Papers 13/262, International Monetary Fund.

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