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Strained Relations U. S. Monetary Policy and Foreign-Exchange Operations in the Twentieth Century

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ISBN-10: 022605148X

ISBN-13: 9780226051482

Edition: 2015

Authors: Michael D. Bordo, Owen F. Humpage, Anna J. Schwartz

List price: $97.50
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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…    
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Book details

List price: $97.50
Copyright year: 2015
Publisher: University of Chicago Press
Publication date: 3/4/2015
Binding: Hardcover
Pages: 496
Size: 5.00" wide x 8.00" long x 1.00" tall
Weight: 0.990
Language: English