Title: Strained relations
Description: 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.
Subjects: Economic policy, Law and legislation, Foreign exchange, Foreign exchange market, History, Foreign exchange, law and legislation, United states, economic policy
Places: United States
Time periods: 20th century