Rules and Discretion in International Economic Policy
Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
| 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.
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.
