The Exchange Stabilization Fund: Slush Money or War Chest?
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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...
Format:Paperback
Language:English
ISBN:0881322717
ISBN13:9780881322712
Release Date:April 1999
Publisher:Peterson Institute for International Economic
Length:140 Pages
Weight:0.40 lbs.
Dimensions:0.3" x 6.0" x 9.0"
Grade Range:Postsecondary and higher
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