3. Obstacles to Coordination, and a Consideration of Two Proposals to Overcome Them: International Nominal Targeting (INT) and the Hosomi Fund

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Preface ix
4. Introduction 1
5. 1. The Rationale for, and Effects of, International Economic Policy Coordination 9
6. 2. The Coordination of Macroeconomic Policies 63
7. 3. Obstacles to Coordination, and a Consideration of Two Proposals to Overcome Them: International Nominal Targeting (INT) and the Hosomi Fund 109
8. 4. Equilibrium Exchange Rates 159
9. 5. The Effectiveness of Foreign- Exchange Intervention: Recent Experience, 1985- 1988 197
10. 6. Can the European Monetary System be Copied Outside Europe? Lessons from Ten Years of Monetary Policy Coordination in Europe 247
11. 7. The Case for International Coordination of Financial Policy 279
12. 8. Multinational Corporations, Exchange Rates, and Direct Investment 307
13. 9. Adequacy of International Transactions and Position Data for Policy Coordination 347
14. Contributors 373
15. Author Index 375
16. Subject Index 379