International Policy Coordination: The Long View

  title={International Policy Coordination: The Long View},
  author={Barry Eichengreen},
  journal={Macroeconomics: Monetary \& Fiscal Policies eJournal},
  • Barry Eichengreen
  • Published 1 December 2011
  • Economics
  • Macroeconomics: Monetary & Fiscal Policies eJournal
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… 

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