International Monetary Cooperation Among the United States, Japan, and Germany / Edition 1

by Keisuke Iida

Overview

International Monetary Cooperation among the United States, Japan, and Germany offers a first - and overdue - book- length study of counterproductive cooperation. It takes to task the critical importance of conducting systematic theory-guided empirical research to examine the validity of arguments that international monetary cooperation could be highly counterproductive. This book combines various methods - formal, quantitative, and qualitative - to study the theories of counterproductive monetary cooperation by focusing on the cooperative episodes among the major industrial countries - the United States, Japan, and Germany.
For the first time, this book presents all theories of counterproductive cooperation in one place, subjects them to systematic, empirical scrutiny in the light of the experience of G-3 (U.S., Germany, and Japanese) cooperation since the 1970s, and suggests policy recommendations in the light of the findings.

Product Details

ISBN-13:	9780792384595
Publisher:	Springer US
Publication date:	03/31/1999
Edition description:	1999
Pages:	110
Product dimensions:	6.10(w) x 9.25(h) x 0.01(d)

Table of Contents

List of Tables. List of Figures. Preface. Acknowledgements. Introduction. Theories of Counterproductive Cooperation. Counterproductive Monetary Policy Coordination. Ineffective and Counterproductive Intervention. Conclusions. Index.

Editorial Reviews

Noting that international cooperation is not always necessarily desirable, and that monetary cooperation in particular is suspected by many policymakers, Iida (Princeton U.) presents all the theories of counterproductive cooperation, subjects them to systematic empirical scrutiny in light of the experience of cooperation between the three countries since the 1970s, and makes policy recommendations based on his findings. He classifies the theories into third-party effects, perverse incentives, international coercion, and model uncertainty. He finds support for all but concludes that the last is the most enlightening and robust. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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