U.S. International Monetary Policy: Markets, Power and Ideas as Sources of Change. By John S. Odell. (Princeton, N.J.: Princeton University Press, 1982. Pp. xvi + 385. $27.50, cloth; $6.95, paper.)

1983 ◽  
Vol 77 (4) ◽  
pp. 1102-1102
Author(s):  
David A. Lake
Keyword(s):  
Monetary Policy ◽  
Princeton University ◽  
International Monetary Policy

Putting the Program into Action, 1920–1928

2016 ◽  
Author(s):  
Simon James Bytheway ◽  
Mark Metzler
Keyword(s):  
Monetary Policy ◽  
Central Bank ◽  
Ad Hoc ◽  
Central Banks ◽  
Financial Globalization ◽  
International Network ◽  
Bank Of England ◽  
International Monetary Policy ◽  
Central Bankers

This chapter details how Montagu Norman of the Bank of England, in partnership with Benjamin Strong of the FRBNY, turned ad hoc wartime cooperation into a formal agenda. The paired ideas that national central banks should be autonomous, and that they should cooperate with each other, were first spelled out in a private “manifesto” that Norman circulated among fellow central bankers in 1921. Central bank cooperation was internationally recognized as a principle at the 1922 Genoa Conference, and it was also put into practice. Cooperation between central banks began primarily as informational cooperation, which includes not only the sharing of information but also the sharing and propagation of worldviews. An international network of central banks thus developed out of the war, as did the world's first truly coordinated system of international monetary policy. In these and other ways, financial globalization surged to a new level in the 1920s.

The SDR and the US international monetary policy process

2011 ◽  
pp. 112-139
Author(s):  
Christopher M.D. Wilkie
Keyword(s):  
Monetary Policy ◽  
Policy Process ◽  
The Us ◽  
International Monetary Policy

scholarly journals A simple framework for international monetary policy analysis

2002 ◽  
Vol 49 (5) ◽  
pp. 879-904 ◽  
Author(s):  
Richard Clarida ◽  
Jordi Galı́ ◽  
Mark Gertler
Keyword(s):  
Monetary Policy ◽  
Policy Analysis ◽  
International Monetary Policy
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