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© 2026 Bookis AS
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Hardcover • 2015 • 1. edition
By Michael Bordo, Owen F. Humpage, Anna Jacobson Schwartz
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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, 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 mon...Show more
Book details
ISBN
9780226051482
Publisher
The University of Chicago Press
Published year
2015
Language
Edition
1
Original title
Strained Relations
Format
Hardcover
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