Strained Relations: Us Foreign-Exchange Operations and Monetary Policy in the Twentieth Century by Bordo, Michael D.

Strained Relations: Us Foreign-Exchange Operations and Monetary Policy in the Twentieth Century (Hardcover) (ISBN-13: 9780226051482)

Vendor: Michael D. Bordo
Product type: Books
Format: Hardcover
$105.00
$105.00
$105.00
Subtotal: $105.00
Strained Relations: Us Foreign-Exchange Operations and Monetary Policy in the Twentieth Century by Bordo, Michael D.

Strained Relations: Us Foreign-Exchange Operations and Monetary Policy in the Twentieth Century

$105.00
Strained Relations: Us Foreign-Exchange Operations and Monetary Policy in the Twentieth Century by Bordo, Michael D.

Strained Relations: Us Foreign-Exchange Operations and Monetary Policy in the Twentieth Century

$105.00
Format: Hardcover
Description
Description
x
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.

Author: Michael D. Bordo,Owen F. Humpage,Anna J. Schwartz
ISBN-10: 022605148X
ISBN-13: 9780226051482
Publisher: University of Chicago Press
Language: English
Published: 02/25/2015
Pages: 496
Format: Hardcover
Weight: 1.60lbs
Size: 9.10h x 6.40w x 1.50d

Review Citation(s):
Choice 08/01/2015
By Michael D. Bordo
By Michael D. Bordo
x
Michael D. Bordo is professor of economics at Rutgers, the State University of New Jersey, and a research associate of the NBER. Owen F. Humpage is a senior economic advisor in the Research Department of the Federal Reserve Bank of Cleveland. Anna J. Schwartz (1915-2012) was a research associate of the NBER.

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