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The balance sheet of the exchange stabilization fund, 1934-2019

Author

Listed:
  • Jiemin SHENG

    (China)

Abstract

In this paper, the author explores the balance sheet of the Exchange Stabilization Fund (ESF) over its first 85 years as a lens though which to analyze the fund. An accompanying spreadsheet workbook provides data from the annual balance sheet of the ESF since the fund’s inception in 1934. These data are available in electronic form for the first time, which will be of interest to those wishing to do quantitative analyses of its role in U.S. monetary policy.

Suggested Citation

  • Jiemin SHENG, 2021. "The balance sheet of the exchange stabilization fund, 1934-2019," Journal of Economics Library, EconSciences Journals, vol. 8(3), pages 156-164, September.
    • Handle: RePEc:cvv:journ5:v:8:y:2021:i:3:p:156-164
    as

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    References listed on IDEAS

    as
    1. Schwartz, Anna J, 1997. "From Obscurity to Notoriety: A Biography of the Exchange Stabilization Fund," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(2), pages 135-153, May.
    2. Michael D. Bordo & Owen F. Humpage & Anna J. Schwartz, 2015. "Strained Relations: US Foreign-Exchange Operations and Monetary Policy in the Twentieth Century," NBER Books, National Bureau of Economic Research, Inc, number bord12-1, January.
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    Keywords

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    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E59 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Other
    • N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-

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