International monetary cooperation lessons from the plaza accord after thirty years
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International monetary cooperation lessons from the plaza accord after thirty years
international MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARY International monetary cooperation lessons from the plaza accord after thirty years COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergstenand Russell A.Green EditorsC. Fred Bergsten was founding director of the Peterson Institute for International Economics from 1981 through 2012 and is now senior fellow and director emeritus there. He has been a member of the International monetary cooperation lessons from the plaza accord after thirty years President’s Advisory Committee on Trade Policy and Negotiations since 2010.1 le was formerly assistant secretary for international affairs of rhe USInternational monetary cooperation lessons from the plaza accord after thirty years
Treasury (1977 81), functioned as undersecretary for monetary affairs (1980 81), and was assistant for international economic affairs to the National international MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARY International monetary cooperation lessons from the plaza accord after thirty yearsPersons Group (1993 95). This is rhe 44th book he has written, coauthored, or edited, including most recently India Rise: A Strategy for 1 'rode Led Growth (2015), Addressing Currency Manipulation through 1 rode Agreements (2014), Bridging the Pacific: Toward Free Trade and Investment Between China International monetary cooperation lessons from the plaza accord after thirty yearsand the United States (2014), and The Coming Resolution of the European Crisis (2012). Bergsten has received rhe Meritorious Honor Award of rhe DepartInternational monetary cooperation lessons from the plaza accord after thirty years
ment of State (1965), Exceptional Service Award of the Treasury Department (1981), Legion d’Honneur from rhe Government ol France (1985), an honorary international MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARY International monetary cooperation lessons from the plaza accord after thirty yearshe Polar Star from rhe Government of Sweden (2013), rhe officer’s Cross of rhe Order of Merit of the Federal Republic of Germany (2014), the Swedish American of the Year for 2014, and the 1st class of the Order of Diplomatic Service Merit "Gwanghwa Medal" from the Republic of Korea (2016).Russell A. International monetary cooperation lessons from the plaza accord after thirty years Green is the Will Clayton Fellow in International Economics at Rice University’s Baker Institute and an adjunct assistant professor in rhe economicsInternational monetary cooperation lessons from the plaza accord after thirty years
department there. His current research focuses on exchange rale policies, financial market development in emerging-market economies, and India’s develinternational MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARY International monetary cooperation lessons from the plaza accord after thirty yearshat country. He was previously the deputy' director of rhe US Treasury's office of International Monetary Policy, where he led efforts to strengthen International Monetary Fund exchange rate policies and international reserve management. Green holds a BA from Pomona College and PhD from the Universi International monetary cooperation lessons from the plaza accord after thirty yearsty of California, Berkeley.PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS1750 Massachusetts Avenue, NW, Washington, DC 20036 1903(202) 328-9000 Fax: (International monetary cooperation lessons from the plaza accord after thirty years
202) 328-5432 www.piie.comAdam s. Posen, PresidentSteven R. Weisman. Vice President for Publications and CommunicationsCover Design: Fletcher Design, international MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARY International monetary cooperation lessons from the plaza accord after thirty yearsich Printing Versa Press, Inc.RICE UNIVERSITY’S BAKER INSTITUTE FOR PUBLIC POLICY6100 Main Street, Baker Hall MS-40, Suite 120, Houston, TX 77005(713) 348-4683 Fax: (713) 348-5993 http://bakerinstiuite.orgCopyright to 2016 by the Peterson Institute lor International Economics. All rights reserved. N International monetary cooperation lessons from the plaza accord after thirty yearso part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by infoInternational monetary cooperation lessons from the plaza accord after thirty years
rmation storage or retrieval system, without permission from the Institute. For reprims/permission to photocopy please contact the APS customer servicinternational MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARY International monetary cooperation lessons from the plaza accord after thirty years Stares of America 18 17 165 4 3 2 1Library of Congress Caraloging-in-Publication DaraBergsten, c. Fred, 1941- editor. I Green, Russell Aaron, editor. Title: International monetary cooperation: lessons from the Plaza Accord after thirty years / c. Fred Bergsten and Russell A. Green, editors. Other t International monetary cooperation lessons from the plaza accord after thirty yearsitles: International monetary cooperation (Peterson Institute for International Economics) Description: Washington, DC: Peterson Institute for InternaInternational monetary cooperation lessons from the plaza accord after thirty years
tional Economics and Rice University’s Baker Institute for Public Policy, 12016] I Includes bibliographical references. Identifiers: LCCN 2015047771 Iinternational MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARY International monetary cooperation lessons from the plaza accord after thirty yearsth century. I Monetary' policy—International cooperation. I Economic policy- International cooperation. International finance. I International trade. Classification: LCC HG3851international MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A.Green Edito International monetary cooperation lessons from the plaza accord after thirty yearsrsPETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS RICE UNIVERSITY’S BAKER INSTITUTE FOR PUBLIC POLICYWashington, DC April 2016This publication has beenInternational monetary cooperation lessons from the plaza accord after thirty years
subjected to a prepublication peer review intended to ensure analytical quality. The views expressed are those of the authors. This publication is painternational MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARY International monetary cooperation lessons from the plaza accord after thirty yearsy reflect the views of individual members of rhe Board or of the Institute’s staff or management.The Peterson Institute for International Economics is a private nonpartisan, nonprofit institution for rigorous, intellectually open, and indepth study and discussion of international economic policy. It International monetary cooperation lessons from the plaza accord after thirty yearss purpose is to identify and analyze important issues to make globalization beneficial and sustainable for the people of t he United States and the woInternational monetary cooperation lessons from the plaza accord after thirty years
rld, anil then to develop and communicate practical new approaches for dealing with them. Its work is funded by a highly diverse group of philanthropiinternational MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARY International monetary cooperation lessons from the plaza accord after thirty yearses in its latest fiscal year were provided by contributors from outside the United States. A list of all financial supporters for the preceding four years is posted at http://www.piie.com/institute/supporters.pdf.ContentsPrefaceviiAcknowledgmentsxi International monetary cooperation lessons from the plaza accord after thirty yearsinternational MONETARY COOPERATIONLessons from the Plaza Accord After Thirty Yearsc. Fred Bergsten and Russell A. Green Editorsinternational MONETARYGọi ngay
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