International Coordination of National Stabilization Policies (Hardback)
  • International Coordination of National Stabilization Policies (Hardback)
zoom

International Coordination of National Stabilization Policies (Hardback)

(author)
£34.95
Hardback 196 Pages / Published: 30/10/1995
  • We can order this

Usually dispatched within 3 weeks

  • This item has been added to your basket
As cross-border transactions and economic integration among nations have increased, formerly neglected differences among the domestic economic policies of nations have become progressively exposed to international scrutiny. National governments trying to pursue autonomous polices have found their decisions more difficult and the consequences of their decisions more uncertain. These trends have in turn provoked debate about whether governments should cooperate more fully when making their policy decisions.

In this book, part of the Integrating National Economies series, Ralph A. Bryant considers how much national governments might benefit from coordination of their macroeconomic stabilization polices, the circumstances in which they might cooperation; and how ambitious that cooperation should be.

Bryant argues that the potential benefits of attempted coordination are often greater than the potential risks. When national decisionmakers take into account the cross-border spillovers of their actions, and especially if the are prepared to consider mutually beneficial adjustments of their policy instruments, each cooperating nation may be able to attain higher levels of welfare. Bryant discusses circumstances in which efforts to coordinate could prove counterproductive. On the whole, however, he contends that efforts to coordinate policies internationally typically deserve examination and, frequently, can be expected to advance the common interests of nations' citizens.

Bryant identifies and analyzes different forms of intergovernmental cooperation for monetary, fiscal, and exchange rate policies. One of the contributors of the book compares and evaluates three different analytical perspectives: the traditional policy-optimization approach favored by economists, the rule analysis of international regime environments, and the institutional analysis developed by scholars of international relations and political science. The book concludes with an overview of historical experience and practical recommendations for the medium-run and long-run evolution of international macroeconomic cooperation.

Publisher: Brookings Institution
ISBN: 9780815712565
Number of pages: 196
Weight: 440 g
Dimensions: 229 x 152 mm

You may also be interested in...

False Economy
Added to basket
£9.99
Paperback
Bad Samaritans
Added to basket
£9.99
Paperback
The Economist Guide to Country Risk
Added to basket
Economics: A Very Short Introduction
Added to basket
The Colder War
Added to basket
£22.99
Hardback
Why Globalization Works
Added to basket
Stress Test
Added to basket
£9.99
Paperback
The Globalization Paradox
Added to basket
International Economics
Added to basket
Power and Plenty
Added to basket
£40.00
Paperback
The Bottom Billion
Added to basket
£9.99
Paperback
Understanding the World Economy
Added to basket

Reviews

Please sign in to write a review

Your review has been submitted successfully.