European University Institute Library

Managing complexity, economic policy cooperation after the crisis, Tamim Bayoumi, Stephen Pickford, Paola Subacchi, editors

eng

Includes bibliographical references and index

illustrations

index present

non fiction

Managing complexity

bibliography

908375000

Tamim Bayoumi, Stephen Pickford, Paola Subacchi, editors

economic policy cooperation after the crisis

A critical look at the challenges facing international policy cooperation in the new postcrisis environment. The global financial crisis of 200709 highlighted the economic interdependencies between all major countries, raising the issues of international cooperation. "Managing Complexity: Economic Policy Cooperation after the Crisis" looks at how, following the global financial crisis, countries have changed the way they cooperate with each other on matters of economic policy. In this volume, the result of a joint research project of Chatham House and the International Monetary Fund, researchers and policymakers who were directly involved in the crisis take a critical look at the challenges facing international policy cooperation in the new postcrisis environment and at how the theory and practice of cooperation have evolved as a result of the crisis.--, Provided by Publisher

Introduction / Tamim Bayoumi, Stephen Pickford, and Paola Subacchi -- 2. On concerted unilateralism : when macroeconomic policy coordination is helpful and when it is not / David Vines -- 3. Trade-offs between output and financial stability in a postcrisis world : is international coordination feasible? / Paola Subacchi and Paul van den Noord -- 4. The benefits of international policy coordination reconsidered : some important lessons from the Global Financial Crisis / Jaromir Benes and others -- 5. Policy cooperation in the Euro Area in time of crisis : a case of too little, too late / Fabrizio Saccomanni -- 6. International spillovers of monetary policy : The U.S. Federal Reserve's QE and the Bank of Japan's QQE / Masahiro Kawai -- 7. Facing the flood : how Asia is coping with volatile capital flows / Julia Leung -- 8. The policy response in emerging market economies in the G-20 / Faith Ozatay -- 9. The dog that didn't bark : the strange case of domestic policy cooperation in the "new normal" / Tamim Bayoumi -- 10. The implications of macroprudential policies for international policy coordination / G. Russell Kincaid and C. Maxwell Watson -- 11. Regulation and international standards / David Green -- 12. Cooperation and surveillance in the postcrisis world / Stephen Pickford -- 13. International policy coordination : why, when and how / Narayanan Raman, Lucy Qian Liu, and Sonali Das