In the aftermath of the Bretton-Woods agreement, the general perception was that a flexible exchange rate was a way of insulating domestic employment from foreign economic di turbances, including foreign monetary policy. Thus, there was no need for central banks to intervene in foreign exchange markets or to coordinate their monetary policies for stabilizing the economy. All thatwas needed were flexible exchange rates.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2006 Springer
About this chapter
Cite this chapter
Plasmans, J., Engwerda, J., van Aarle, B., di Bartolomeo, G., Michalak, T. (2006). International Policy Coordination. In: Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations. Dynamic Modeling and Econometrics in Economics and Finance, vol 8. Springer, Boston, MA. https://doi.org/10.1007/0-387-27931-8_1
Download citation
DOI: https://doi.org/10.1007/0-387-27931-8_1
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-27884-1
Online ISBN: 978-0-387-27931-2
eBook Packages: Business and EconomicsEconomics and Finance (R0)