Titlebook: Federalism, Failure and Success; A Comparative Study Benjamin J. Cohen Book 1977 Palgrave Macmillan, a division of Macmillan Publishers Lim

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A Brief History of International Monetary Relationsh time, the structural framework of monetary relations has been marked by a continuing tension between economic and political values. At times the element of cooperation in monetary relations has prevailed, at others the element of competition; at times the monetary game has succeeded in realizing i

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Issues and Actors in Monetary Relations Todaypportunity to redesign completely all the rules and conventions governing the financial conduct of nations—in effect, to write a brand-new constitution for the monetary system. The purpose of this chapter is to examine how governments responded to this opportunity after 1971 and, as a prelude to Par

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Automaticityrationale for automaticity is that it reduces the risk of policy conflict between states by narrowing the element of discretion in governmental behavior. The more fully automatic a monetary order is, the more likely it is to satisfy the consistency objective. At the extremes, two fully automatic mon

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Conclusionsional monetary relations have been viewed informally as a mixed-motive game incorporating elements of both cooperation and competition. The problem has been to find some structural framework of relations that would successfully accommodate and balance these two elements—and thus promote both the eff

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IntroductionThis book is about international monetary relations. Specifically, it is about the international monetary .-the framework of rules, regulations, conventions, and norms governing the foreign financial conduct of nations. The focus of the book is on the problem of how to . the international monetary order.

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