Managing Complexity
Economic Policy Cooperation After the Crisis
1st Edition
Published on 5. January 2016
416 pages
978-0-8157-2717-0 (ISBN)
Available for download
Description
A critical look at the challenges facing international policy cooperation in the new postcrisis environment.The global financial crisis of 200709 highlighted the economic interdependencies between all major countries, raising the issues of international cooperation. Managing Complexity: Economic Policy Cooperation after the Crisis looks at how, following the global financial crisis, countries have changed the way they cooperate with each other on matters of economic policy.In this volume, the result of a joint research project of Chatham House and the International Monetary Fund, researchers and policymakers who were directly involved in the crisis take a critical look at the challenges facing international policy cooperation in the new postcrisis environment and at how the theory and practice of cooperation have evolved as a result of the crisis.
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Tanim Bayoumi | Stephen Pickford | Paola Subacchi
Managing Complexity
Economic Policy Cooperation after the Crisis
Book
01/2016
Brookings Institution
€48.70
Shipment within 10-20 days
Content
- Front Cover
- Title Page
- Copyright Information
- Table of Contents
- Introduction
- Part I: The Intellectual Framework for Cooperation
- On Concerted Unilateralism: When Macroeconomic Policy Coordination is Helpful and When It Is Not
- Trade-Offs between Output and Financial Stability in a Postcrisis World: Is International Coordination Feasible?
- Appendix: A Formal Approach to the Trade-Off between Growth and Stability
- The Benefits of International Policy Coordination Reconsidered: Some Important Lessons from the Global Financial Crisis
- Part II: International Interlinkages and Policy Responses to the Crisis
- Policy Cooperation in the Euro Area in Time of Crisis: A Case of Too Little, Too Late
- International Spillovers of Monetary Policy: The U.S. Federal Reserve's QE and the Bank of Japan's QQE
- Facing the Flood: How Asia Is Coping with Volatile Capital Flows
- The Policy Response in Emerging Market Economies in the G-20
- Part III: Integration of Economic Policies
- The Dog That Didn't Bark: The Strange Case of Domestic Policy Cooperation in the "New Normal
- The Implications of Macroprudential Policies for International Policy Coordination
- Regulation and International Standards
- Part IV: The Institutional Setting for Cooperation
- Cooperation and Surveillance in the Postcrisis World
- International Policy Coordination: Why, When, and How
- Contributors
- Index
- Back Cover
