書誌事項

International policy coordination and exchange rate fluctuations

edited by William H. Branson, Jacob A. Frenkel, and Morris Goldstein

(A National Bureau of Economic Research conference report)

University of Chicago Press, 1990

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注記

"Contains the papers and their formal discussions presented at a National Bureau of Economic Research conference held at Kiawah Island, South Carolina on October 27-29, 1988"--Pref

Includes bibliographical references and index

内容説明・目次

内容説明

Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most-and least-effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.

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