Contributions

  • Humpage, Owen F., author - Contributor
  • Schwartz, Anna J. (Anna Jacobson), 1915-2012, author - Contributor

Publication

2015 - University of Chicago Press, Illinois

Language

English

Word Count

110,500 words, Guess

Page Count

442 pages

Identifiers

Classifications

  • DDC332.4/509730904
  • LCCHG3903 .B67 2015

Description

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.

Subjects

Series Statement

  • A National Bureau of Economic Research monograph

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