IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Preserve the Exchange Stabilization Fund

  • C. Randall Henning


    (Peterson Institute for International Economics)

A congressional coalition of strange bedfellows has recently attempted, and only narrowly failed in the House of Representatives, to constrain the use of the Exchange Stabilization Fund (ESF) by the secretary of the treasury. On 15 July, the House rejected by 192-228 an amendment offered by Rep. Bernard Sanders (I-VT), cosponsored by eleven others and endorsed by several labor unions and lobbying groups, that would have required explicit congressional approval for loans from the ESF greater than $1 billion. This is the second floor vote in as many years on an attempt to renew temporary restrictions placed on the ESF after the Mexico crisis of 1995.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Paper provided by Peterson Institute for International Economics in its series Policy Briefs with number PB99-08.

in new window

Date of creation: Sep 1999
Date of revision:
Handle: RePEc:iie:pbrief:pb99-08
Contact details of provider: Postal: 1750 Massachusetts Avenue, NW, Washington, DC 20036-1903
Phone: 202-328-9000
Fax: 202-659-3225
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:iie:pbrief:pb99-08. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Peterson Institute webmaster)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.