Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146232
Authors: 
Ocampo Gaviria, José Antonio
Year of Publication: 
2016
Series/Report no.: 
WIDER Working Paper 2016/49
Abstract: 
This paper looks at historical and current frameworks to manage macroeconomic linkages among economies. It considers first the evolving nature of global payments imbalances. It then focuses on the mechanisms of macroeconomic dialogue and cooperation put in place at different times to guarantee the consistency of the macroeconomic policies of major economies. These mechanisms have operated sometimes within the International Monetary Fund, but generally outside its institutional framework, and in recent years through the Group of Twenty. Finally, it analyses the functioning of the original Bretton Woods exchange rate system and its replacement in the early 1970s by a veritable 'non-system'.
Subjects: 
global imbalances
macroeconomic policy co-ordination
exchange rate system
International Monetary Fund
Group of Twenty
JEL: 
F32
F33
F42
ISBN: 
978-92-9256-092-8
Document Type: 
Working Paper

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