Need for macroeconomic coordination policy
International policy coordination can facilitate an orderly adjustment of the global imbalances while minimizing the economic growth costs (United Nations, International Monetary Fund, World Bank).
-A new Plaza agreement: the Group of Twenty(20Group, including industrial and emerging-market economies)
-Cross-country effects of national policies: The national policies can’t be considered in isolation but need to be seen in the context of the cross-border spillover effects they give rise to by decreasing the barriers to trade and capital flows.