Strained relations
US foreign-exchange operations and monetary policy in the twentieth century
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Author
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
- Open LibraryOL27193251M
- ISBN-139780226051482
- ISBN-10022605148X
- OCLC Control Number881418168
- Library of Congress Control Number2014014046
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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