From Great Depression to Great Recession ─ The Elusive Quest for International Policy Cooperation

Drawn from a symposium of the same name held in January 2015 at the International Monetary Fund headquarters in Washington DC, the 17 papers in this volume consider the history, functioning, and challenges of the international monetary system and its origins and evolution, performance, and the need for reform, as well as the prospects for international policy cooperation. Economists and historians from the US and Europe outline the international monetary system and challenges that shaped it; historical antecedents of today's challenges in terms of secular stagnation and the asymmetric burden of adjustment; how the modern international monetary system has been shaped through international financial diplomacy; present-day currency wars and secular stagnation; and international policy coordination. Annotation ©2017 Ringgold, Inc., Portland, OR (protoview.com)

The International Monetary Fund (IMF) is an international organization of 185 Member Countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries in order to help ease balance of payments adjustments.