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This paper examines the roles played by organizations in maintaining the Bretton Woods System. Theory indicates that even if countries understand that cooperation will lead them to a Pareto superior outcome, they need not cooperate unless they are convinced that other countries are also...
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Different countries have been following different reform paths since the early 1990s. We develop a simple dynamic model … of policy reform that captures some of the determinants that underlie these differences. The model emphasizes the … interaction between domestic institutions and international organizations that promote reform, on the one hand, and the political …
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