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Rules and Discretion in International Economic Policy

Author

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  • Mr. Manuel Guitián

Abstract

Economic interdependence offers the potential for raising global welfare, but there is a fuzzy boundary between national interests and global objectives in the economic policy area. This paper examines the boundary area. It concludes that all international economic regimes must entail a mix of rules and discretion, and it considers the most appropriate weights to be given to rules and discretion.

Suggested Citation

  • Mr. Manuel Guitián, 1992. "Rules and Discretion in International Economic Policy," IMF Occasional Papers 1992/008, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1992/008
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    Cited by:

    1. Chapra, Muhammad Umer, 1996. "Monetary Management In An Islamic Economy," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 4, pages 2-35.

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