Rules and Discretion in International Economic Policy

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Rules and Discretion in International Economic Policy by Manuel Mr. Guitián, INTERNATIONAL MONETARY FUND
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Author: Manuel Mr. Guitián ISBN: 9781452767130
Publisher: INTERNATIONAL MONETARY FUND Publication: June 15, 1992
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Manuel Mr. Guitián
ISBN: 9781452767130
Publisher: INTERNATIONAL MONETARY FUND
Publication: June 15, 1992
Imprint: INTERNATIONAL MONETARY FUND
Language: English

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.

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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.

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