Download or read book The Exchange Stabilization Fund written by C. Randall Henning and published by Peterson Institute. This book was released on 1999 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Exchange Stabilization Fund (ESF) holds more than $40 billion that is at the disposal of the US Secretary of the Treasury for use in foreign exchange intervention and international financial support operations. Its use in the Mexican rescue package of 1995 brought the ESF into the public spotlight for the first time in recent years, and it has been deployed in Brazil and several Asian crisis countries as well. Its availability for such packages and its total control by the Treasury secretary have therefore become very controversial. Randall Henning's study maintains that the Fund is an important element of US foreign policy and economic policy and that it should remain under the exclusive control of the Treasury, but that Congress should exercise effective oversight. Henning also covers the legislative history of the ESF and outlines the principles by which the Fund should be administered.
Download or read book EXCHANGE STABILIZATION FUNDS written by Mordechai Elihau Kreinin and published by . This book was released on 1954 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The American Exchange Stabilization Fund written by Rolf Hayn and published by . This book was released on 1948 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Use of Exchange Stabilization Fund Resources arrangement with Treasury Provides Access to Information written by United States. General Accounting Office and published by . This book was released on 1977 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The American Exchange Stabilization Fund written by Francis H. Mahon and published by . This book was released on 1949 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book From the Exchange Stabilization Fund to the International Monetary Fund written by Michael D. Bordo and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: We highlight the elements of the operation of the U.S. Exchange Stabilization Fund that Harry Dexter White, who directed the Treasury's division of monetary research, transferred to his plan for the operation of the International Monetary Fund. The elements included the principle that all currencies were equivalent and the goal of the international fund, like that of the U.S. fund, was to stabilize exchange rates. The ESF also influenced White's vision for the International Bank for Reconstruction and Development. The IBRD, however, represented a reaction by White against key elements of ESF stabilization loans, which were very short term, paid above market interest rates, and required collateral. Had White carried forward to the IMF the ESF elements pertaining to interest rates and collateral, its operations would have evolved in a markedly different direction from the one that it has taken.
Download or read book Exchange stabilization written by John Bell Condliffe and published by . This book was released on 1945 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strained Relations written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2015-03-02 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael Bordo, Owen Humpage, and Anna Schwartz explore the evolution of exchange-market policyprimarily foreign-exchange interventionin the United States. Based on decades of research with unique, heretofore confidential, data consisting of all official US foreign-exchange transactions conducted through the Federal Reserve Bank of New York between 1962 and 1995, "Strained Relations" is fundamentally a study of institutional learning and adaptation under changing circumstances, most notably the abandonment of the international gold standard. The authors narrate the economic developments, the political environment, and the bureaucratic issues that fostered this evolution. They use many economic studies of foreign-exchange-market intervention, but the book is not a survey of the voluminous literature or empirical analysis; it is primarily a historical narrative. A fact-based history of the modern dollar with the unifying perspective of how the US has tried to influence how much the dollar is worth abroad while balancing the priority of keeping inflation low at home, "Strained Relations" is an intriguing story of gold, secrets, and economic intervention."
Download or read book United States Official Operations in the Foreign Exchange and Gold Markets written by Merlyn Nelson Trued and published by . This book was released on 1966 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Stabilization Fund written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on International Finance and published by . This book was released on 1977 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book From Obscurity to Notoriety written by Anna Jacobson Schwartz and published by . This book was released on 1996 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Treasury's $20 billion loan to Mexico in January 1995 from the Exchange Stabilization Fund (ESF) brought to public notice the fund that had functioned in obscurity since its authorization by the Gold Reserve Act of January 31, 1934. The design of the ESF, as set forth in the statute, contributed to its obscurity. Its stated mission was to stabilize the exchange value of the dollar, but it has also assumed a role that had no mandate, that of lender to favored countries. ESF's intervention activities and the Federal Reserve's warehousing of ESF foreign currency assets are questionable. A statistical profile of the ESF accounts for the growth of its working balance from $200 million in 1934 to $42.6 billion in assets in 1995.
Download or read book Use of Exchange Stabilization Fund Resources written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-30 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Use of Exchange Stabilization Fund Resources: Arrangement With Treasury Provides Access to Information
Download or read book From obscurity notoriety written by Anna Jacobson Schwartz and published by . This book was released on 1996 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Stabilization written by United States. Congress. House. Committee on Banking and Currency and published by . This book was released on 1921 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Stabilization Fund written by United States. Congress. House. Committee on the Budget. Task Force on Tax Expenditures and Off-Budget Agencies and published by . This book was released on 1976 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Flexible Exchange Rates and Stabilization Policy written by J. Herin and published by Springer. This book was released on 1977-06-17 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Exchange Stabilization Funds written by Jack David Colclough and published by . This book was released on 1939 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt:
