scholarly journals Are There Adverse Real Effects from Monetary Policy Coordination? Some Evidence from Austria, Belgium and the Netherlands

1994 ◽  
Author(s):  
Dieter Proske ◽  
John A. Tatom
Keyword(s):  
Monetary Policy ◽  
The Netherlands ◽  
Policy Coordination ◽  
Real Effects ◽  
Monetary Policy Coordination

Implementable Rules for International Monetary Policy Coordination

2020 ◽  
Vol 68 (1) ◽  
pp. 108-162 ◽  
Author(s):  
Michael B. Devereux ◽  
Charles Engel ◽  
Giovanni Lombardo
Keyword(s):  
Monetary Policy ◽  
Policy Coordination ◽  
International Monetary Policy ◽  
Monetary Policy Coordination

scholarly journals MONETARY POLICY COOPERATION TO SUPPORT ASIAN ECONOMIC INTEGRATION

2010 ◽  
Vol 55 (01) ◽  
pp. 83-101 ◽  
Author(s):  
HWEE KWAN CHOW ◽  
PETER NICHOLAS KRIZ ◽  
ROBERTO S. MARIANO ◽  
AUGUSTINE H. H. TAN
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
East Asia ◽  
Financial Integration ◽  
Type System ◽  
Institutional Development ◽  
Policy Coordination ◽  
Regional Institutions ◽  
Monetary Unit ◽  
Monetary Policy Coordination

This paper considers the form of monetary policy coordination and regional exchange rate arrangement that would best support economic and financial integration in East Asia. In view of the region's economic diversity, we propose a graduated program of informal policy cooperation from weak forms of cooperation to more intensive modes of cooperation such as the adoption of common monetary policy objectives. An array of informal monetary arrangements rooted to the degree of institutional development can improve the effectiveness of both sovereign and regional institutions, and promote integration in East Asia. Drawing upon the European experience with the Exchange Rate Mechanism (ERM), we conclude that East Asia should first embark on other forms of integration to aid in the development of a high degree of real and nominal convergence amongst the regional countries. Only then would an ERM-type system that employs a regional monetary unit become more sustainable and less susceptible to speculative currency attacks in the region.

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