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Monetary Policy Cooperation and Coordination: An Historical Perspective on the Importance of Rules

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  • Michael Bordo
  • Catherine R. Schenk

Abstract

This paper was prepared for the conference "International" Monetary Stability: Past, Present, and Future, held at the Hoover Institution at Stanford University on May 5, 2016.

Suggested Citation

  • Michael Bordo & Catherine R. Schenk, 2016. "Monetary Policy Cooperation and Coordination: An Historical Perspective on the Importance of Rules," Economics Working Papers 16112, Hoover Institution, Stanford University.
    • Handle: RePEc:hoo:wpaper:16112
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    File URL: https://www.hoover.org/sites/default/files/research/docs/16112_-_monetary_policy_cooperation_and_coordination_-_bordo_and_schenk_updated.pdf
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    Cited by:

    1. Michael D. Bordo, 2017. "An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime," Economics Working Papers 17108, Hoover Institution, Stanford University.
    2. Lucian Croitoru, 2018. "How Countries’ Different Attitudes towards Inflation can thwart the European Dream," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 21(70), pages 2-41, December.
    3. Chmielewska Anna & Sławiński Andrzej, 2021. "Climate crisis, central banks and the IMF reform," Economics and Business Review, Sciendo, vol. 7(4), pages 7-27, December.
    4. Harris Dellas & George S. Tavlas, 2017. "Milton Friedman and the case for flexible exchange rates and monetary rules," Working Papers 236, Bank of Greece.
    5. Thang Ngoc Doan & Junichi Fujimoto, 2022. "Time Consistency and Counterproductive Monetary Policy Cooperation in a Two‐Country New Keynesian Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(5), pages 1491-1523, August.
    6. Michael David Bordo, 2021. "Monetary Policy Cooperation/Coordination and Global Financial Crises in Historical Perspective," Open Economies Review, Springer, vol. 32(3), pages 587-611, July.
    7. Michael D. Bordo, 2020. "The Imbalances of the Bretton Woods System 1965 to 1973: U.S. Inflation, the Elephant in the Room," Open Economies Review, Springer, vol. 31(1), pages 195-211, February.

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