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Strained relations

Michael D. Bordo · 2015

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About the book

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.

Book details

Year
2015
Language
English
Series
A National Bureau of Economic Research monograph
Publisher
University of Chicago Press
Editions
1
Pages
442
ISBN
9780226051482

Data source: Wikidata

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