Rules and Discretion in International Economic Policy
Summary:
Economic interdependence offers the potential for raising global welfare, but there is a fuzzy boundary between national interests and global objectives in the economic policy area. This paper examines the boundary area. It concludes that all international economic regimes must entail a mix of rules and discretion, and it considers the most appropriate weights to be given to rules and discretion.
Series:
Occasional Paper No. 1992/008
Subject:
Debt default Debt strategy Economic integration Exchange rate anchor Exchange rates External debt Foreign exchange Monetary policy
English
Publication Date:
June 15, 1992
ISBN/ISSN:
9781557752376/0251-6365
Stock No:
S097EA0000000
Pages:
57
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