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

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

Part of the NBER-Monographs series

Hardback

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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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