After the end of World War II, the United States, by far the dominant economic and military power at that time, joined with the surviving capitalist democracies to create an unprecedented institutional framework. By the 1980s many contended that these institutions--the General Agreement on...

On July 1, 1944, less than a month after Allied forces stormed the beaches of Normandy, seven hundred thirty delegates from forty-four nations gathered at the Mount Washington Hotel in Carroll, New Hampshire — an area more commonly known as Bretton Woods. With the White Mountains serving as a...

Cover -- Contents -- Preface -- 1 C. Fred Bergsten: Intellectual Entrepreneur -- Evangelist for the Open Economy -- The Happy Cassandra -- Star Player, Team Leader -- Observations: C. Fred Bergsten, the Man and His Institute -- 2 Constant Ends, Flexible Means: C. Fred Bergsten and the Quest for...

Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of...

This paper analyses the evolution of the South American Common Market, Mercosur. It shows how the lack of coordination of macroeconomic policies, especially of the two major participants (Argentina and Brazil), had caused trade strains and conflicting interests in attracting foreign investments....

Using a four-country Mundell-Fleming model including portfolio and wealth effects, we explore the question whether some types of policy coordination could improve the outcomes of a financial shock like the Asian crisis. Time-consistent equilibria are computed: a Nash equilibrium, a target zone...