Chapter

Rules and Institutions in Multi‐Country Economies

Tommaso Padoa‐Schioppa

in The Road to Monetary Union in Europe

Published in print December 2000 | ISBN: 9780199241767
Published online November 2003 | e-ISBN: 9780191596742 | DOI: http://dx.doi.org/10.1093/0199241767.003.0002
Rules and Institutions in Multi‐Country Economies

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Many economies are multi‐country, in the sense that their geographical area falls under the jurisdiction of more than one sovereign state. The search for paths along which international economic relationships could evolve towards a better order generally addresses specific problems, or attempts to devise comprehensive new arrangements. Instead, an analysis is made here of methods of international cooperation, with an explicit focus on the role to be played by rules and discretion, and the importance of the development of institutions.

Keywords: discretion; institutions; international cooperation; international economics; multi‐country economies; rules

Chapter.  5442 words. 

Subjects: Macroeconomics and Monetary Economics

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