Given the network-externality characteristic of international monetary arrangements, reforming them is necessarily a collective endeavor. But the multiplicity of countries creates negotiating costs. (Barry Eichengreen)

Given the network-externality characteristic of international monetary arrangements, reforming them is necessarily a collective endeavor. But the multiplicity of countries creates negotiating costs.

Barry Eichengreen

Related topics

characteristic collective endeavor given international multiplicity reforming costs

Related quotes

All endeavor calls for the ability to tramp the last mile, shape the last plan, endure the last hours toil. The fight to the finish spirit is the one... characteristic we must posses if we are to face the future as finishers.

Henry David Thoreau

Today's message to Baghdad is very clear: the UN Security Council resolution expresses the unity and determination of the entire international community to assume its collective responsibility.

Javier Solana

There are signs that the system of collective security established in San Francisco nearly 50 years ago [at the founding of the UN] is finally beginning to work as conceived . . . We are on the way to achieving a workable international system.

Boutros Boutros-Ghali

I find that many entrepreneurs are trying to do everything when it would be cheaper and more time-efficient to delegate, even if there are monetary costs associated with that.

James Altucher

Under the leadership of President Bush and Vice President Cheney, the United States has given up the moral high ground that we used to occupy as an international leader.

Marty Meehan