International Monetary Cooperation among the United States, Japan, and Germany offers a book-length study of counterproductive cooperation. It takes to task the critical importance of conducting systematic theory-guided empirical research to examine the validity of arguments that international monetary cooperation could be highly counterproductive.

This book combines various methods - formal, quantitative, and qualitative - to study the theories of counterproductive monetary cooperation by focusing on the cooperative episodes among the major industrial countries - the United States, Japan, and Germany.

For the first time, this book presents all theories of counter-productive cooperation in one place, subjects them to systematic, empirical scrutiny in light of the experience of G-3 (U.S., Germany, and Japanese) cooperation since the 1970s, and suggests policy recommendations in light of the findings.