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Strained Relations : US Foreign-Exchange Operations and Monetary Policy in the Twentieth Century / Michael D. Bordo, Owen F. Humpage, Anna J. Schwartz.
Author
Bordo, Michael D.
[Browse]
Format
Book
Language
English
Published/Created
Chicago : University of Chicago Press, [2015]
©2015
Description
1 online resource (x, 442 pages) : illustrations
Details
Subject(s)
Foreign exchange
—
Law and legislation
—
United States
—
History
—
20th century
[Browse]
Foreign exchange market
—
History
—
20th century
[Browse]
United States
—
Economic policy
—
20th century
[Browse]
Author
Humpage, Owen F.
[Browse]
Humpage, Owen F.
[Browse]
Schwartz, Anna J.
[Browse]
Schwartz, Anna J.
[Browse]
Humpage, Owen F.
[Browse]
Schwartz, Anna J.
[Browse]
Series
National Bureau of Economic Research monograph.
[More in this series]
National Bureau of Economic Research Monograph
Summary note
During the twentieth century, foreign-exchange intervention was sometimes used in an attempt to solve the fundamental trilemma of international finance, which holds that countries cannot simultaneously pursue independent monetary policies, stabilize their exchange rates, and benefit from free cross-border financial flows. Drawing on a trove of previously confidential data, Strained Relations reveals the evolution of US policy regarding currency market intervention, and its interaction with monetary policy. The authors consider how foreign-exchange intervention was affected by changing economic and institutional circumstances-most notably the abandonment of the international gold standard-and how political and bureaucratic factors affected this aspect of public policy.
Notes
Description based upon print version of record.
Bibliographic references
Includes bibliographical references and index.
Source of description
Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Apr 2020)
Language note
English
Contents
Frontmatter
Contents
Preface
1. On the Evolution of US Foreign- Exchange- Market Intervention: Thesis, Theory, and Institutions
2. Exchange Market Policy in the United States: Precedents and Antecedents
3. Introducing the Exchange Stabilization Fund, 1934- 1961
4. US Intervention during the Bretton Woods Era, 1962- 1973
5. US Intervention and the Early Dollar Float, 1973- 1981
6. US Foreign- Exchange- Market Intervention during the Volcker- Greenspan Era, 1981- 1997
7. Lessons from the Evolution of US Monetary and Intervention Policies
Epilogue: Foreign- Exchange- Market Operations in the Twenty- First Century
Appendix 1: Summaries of Bank of England Documents
Appendix 2: Empirical Method for Assessing Success Counts
Notes
References
Index
Show 13 more Contents items
ISBN
0-226-05151-X
OCLC
900409222
Doi
10.7208/9780226051512
Statement on responsible collection description
Princeton University Library aims to describe library materials in a manner that is respectful to the individuals and communities who create, use, and are represented in the collections we manage.
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Strained relations : US foreign-exchange operations and monetary policy in the twentieth century / Michael D. Bordo, Owen F. Humpage, and Anna J. Schwartz.
id
9989659803506421
Strained relations : US foreign-exchange operations and monetary policy in the twentieth century / Michael D. Bordo, Owen F. Humpage, and Anna J. Schwartz.
id
SCSB-9397796