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The imbalances of the Bretton Woods system 1965 to 1973 : U.S. inflation, the elephant in the room
Bordo, Michael D. - In: Open economies review 31 (2020) 1, pp. 195-211
Persistent link: https://www.econbiz.de/10012229712
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U.S. Intervention and the Early Dollar Float : 1973-1981
Bordo, Michael D. - 2010
The dollar's depreciation during the early floating rate period, 1973-1981, was a symptom of the Great Inflation. In …
Persistent link: https://www.econbiz.de/10013135219
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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