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.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!