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International Policy Coordination and Exchange Rate Fluctuations (National Bureau of Economic Research Conference Report)

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 | #4533232 in eBooks |  2007-12-01 |  2007-12-01 | File type: PDF

||About the Author|
William H. Branson is the Jacob Viner Professor of International Economics at Princeton University and Director of the Program in International Studies at the NBER. Jacob A. Frenkel is economic counsellor and director of resea

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.




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