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Central bank credibility before and after the crisis
Bordo, Michael D.; Siklos, Pierre L. - In: Open economies review 28 (2017) 1, pp. 19-45
Persistent link: https://www.econbiz.de/10011804280
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What has foreign exchange market intervention since the Plaza Agreement accomplished?
Bordo, Michael D. - In: Open economies review 2 (1991) 1, pp. 39-64
Persistent link: https://www.econbiz.de/10001099217
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U.S. Foreign-Exchange-Market Intervention During the Volcker-Greenspan Era
Bordo, Michael D. - 2010
The Federal Reserve abandoned foreign-exchange-market intervention because it conflicted with the System's commitment to price stability. By the early 1980s, economists generally concluded that, absent a portfolio-balance channel, sterilized foreign-exchange-market intervention did not provide...
Persistent link: https://www.econbiz.de/10013139393