Description

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.

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

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Hardback by Michael D. Bordo , Owen F. Humpage

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Drawing on a trove of previously confidential data, Strained Relations reveals the evolution of US policy regarding currency market intervention,... Read more

    Publisher: The University of Chicago Press
    Publication Date: 25/02/2015
    ISBN13: 9780226051482, 978-0226051482
    ISBN10: 022605148X

    Number of Pages: 496

    Non Fiction , Business, Finance & Law

    Description

    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.

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