POLI 354 Lecture : Richard N. Cooper International Monetary System

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scarletotter638

7 Mar 2012

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Document Summary

Prolegomena to the choice of an international monetary system. International monetary system- rules and conventions that govern financial relations between countries . Monetary relations are related to and are an important part of international relations. When monetary relations are successful, other aspects of international relations benefit from this. Likewise, other aspects of international relations suffer when monetary relations between nations are poor. Monetary relations influence both domestic and international economic development and consequently can lead to economic and political upheaval when they fail. That is to say that if they are functioning well they are taken for granted and are not at the forefront of policy. Purpose of the essay: to define the reasons for disagreement between nations on monetary policy. It seeks to promote the idea that the source of disagreement on monetary policy is not different interests among nations but rather different perspectives on the outcomes of any particular policy of regime.

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