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The Exchange Stabilization Fund – Slush Money or War Chest?: Slush Money or War Chest?

The Exchange Stabilization Fund – Slush Money or War Chest?: Slush Money or War Chest?

          
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About the Book

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 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 steady oversight. Henning also covers the legislative history of the ESF and outlines the principles by which the Fund should be administered.


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Product Details
  • ISBN-13: 9780881322712
  • Publisher: Peterson Institute for International Economics
  • Publisher Imprint: Peterson Institute for International Economics
  • Height: 229 mm
  • No of Pages: 140
  • Series Title: Policy Analyses in International Economics
  • Sub Title: Slush Money or War Chest?
  • Width: 154 mm
  • ISBN-10: 0881322717
  • Publisher Date: 01 Apr 1999
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 7 mm
  • Weight: 181 gr


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