Strained relations :: US foreign-exchange operations and monetary policy in the twentieth century /

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, stabilise their exchange rates, and benefit from free cross-...

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Bibliographische Detailangaben
Hauptverfasser: Bordo, Michael D. (VerfasserIn), Humpage, Owen F. (VerfasserIn), Schwartz, Anna J. (Anna Jacobson), 1915-2012 (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Chicago ; London : University of Chicago Press, 2015.
Schriftenreihe:National Bureau of Economic Research monograph.
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung: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, stabilise 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.
Beschreibung:1 online resource : illustrations.
Bibliographie:Includes bibliographical references and index.
ISBN:9780226051512
022605151X
022605148X
9780226051482

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