2. International Institutions, Surveillance, and Policy Coordination
Author:
Mr. Jacob A. Frenkel https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Mr. Jacob A. Frenkel in
Current site
Google Scholar Close
and
Mr. Morris Goldstein https://isni.org/isni/0000000404811396 International Monetary Fund

Search for other papers by Mr. Morris Goldstein in
Current site
Google Scholar Close
Language:
English
Print Publication Date:
24 Apr 1996
Keywords:
BOOK; exchange rate; nominal interest rate; EC country; deutsche mark; policy rule; exchange-rate crisis; Exchange rates; Real exchange rates; Currencies; Inflation; Global; Europe; Asia and Pacific; North America; Middle East; Policy coordination; Group of Seven country; policy guideline; Group of Seven process; Policy cooperation; Currency markets; Adjustment process; International monetary system; Exchange rate policy; East Asia

Abstract

Through economic coordination nations modify their national policies in recognition of international economic interdependence. This implies a willingness to reach agreement on remedial measures, if necessary in a concerted manner. Since 1985, the procedural framework devised by the Group of Seven has strengthened the economic coordination achieved within the IMF through the development of international procedures for consultation. If policy coordination is to continue evolving toward being a systematic process, as opposed to an episodic one, the IMF role will have to remain central.

Within Same Series

Other IMF Content

Other Publishers Content

  • Collapse
  • Expand
Cover Functioning of the International Monetary System
Functioning of the International Monetary System
ISBN:
9781557755544
Publication Date:
24 Apr 1996
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557755544.071
Pages:
507