International policy coordination
Subtitle: the long view
By: Barry Eichengreen
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 17665; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17665.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "This 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"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 2/14/2012.

Includes bibliographical references.

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