Currency Wars or Efficient Spillovers? A General Theory of International Policy Cooperation

Currency Wars or Efficient Spillovers? A General Theory of International Policy Cooperation
In an interconnected world, national economic policies regularly lead to large international spillover effects, which frequently trigger calls for international policy cooperation. However, the premise of successful cooperation is that there is a Pareto inefficiency, i.e. if there is scope to make some nations better off without hurting others.... READ MORE...

Publication date: February 2017
ISBN 9781475577549
$18.00

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