From Great Depression to Great Recession: The Elusive Quest for International Policy Cooperation

Contents (iii)......Page 4
Foreword (v)......Page 6
Preface (ix)......Page 10
Abbreviations (xi)......Page 11
Contributors (xiii)......Page 12
1. Ghosh & Qureshi: From Great Depression to Great Recession: An Overview (1)......Page 17
Part I. Perspectives from the Past: Secular Stagnation and Asymmetric Burden of Adjustment (35)......Page 50
2. James: Learning Lessons from Previous Crises: The Capital Account and the Current Account (37)......Page 51
3. Mourlon-Druol: Debates about Economic Adjustment in Europe before the Euro (57)......Page 70
4. Schenk: Coordination Failures during and after Bretton Woods (69)......Page 82
5. Bordo & James:Capital Flows and International Order: Trilemmas and Trade-Offs from Macroeconomics to Political Economy and International Relations (91)......Page 103
Part II. International Monetary Negotiations and the International Monetary System (109)......Page 121
6. Helleiner: Forgotten Foundations of Bretton Woods (111)......Page 122
7. Steil: Hurling BRICS at the International Monetary System (123)......Page 133
8. Boughton: The IMF Is—or Was?—the Keystone of the International Financial System (129)......Page 139
Part III. Currency Wars and Secular Stagnation—The New Normal? (135)......Page 144
9. Cooper: Reform of the International Monetary System: A Modest Proposal (137)......Page 145
10. McCauley: Global Bond Market Spillovers from Monetary Policy and Reserve Management (147)......Page 154
11. Truman: International Liquidity and Governance (167)......Page 173
Part IV. Prospects for the Future: Toward a More Cooperative System (175)......Page 181
12. Ghosh: Three Myths about International Policy Coordination (177)......Page 182
13. Obstfeld: Moving Toward a More Cooperative International Monetary System (189)......Page 193
14. Ocampo: Reforming the Global Reserve System (193)......Page 197
15. Swoboda: Macroeconomic Policy: What and How to Coordinate Internationally (205)......Page 209
16. Volcker: Toward a More Cooperative International Monetary System: Some Remarks (215)......Page 218
17. Ghosh & Qureshi: Toward a More Stable International Monetary System: Key Takeaways (219)......Page 221
Index (227)......Page 228