=+14. U.S. foreign exchange intervention is sometimes done by an Exchange Stabilization Fund, or ESF (a branch

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=+14. U.S. foreign exchange intervention is sometimes done by an Exchange Stabilization Fund, or ESF (a branch of the Treasury Department), which manages a portfolio of

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International Economics

ISBN: 9780132146654

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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Question Posted: Oct 02, 2024 04:00 AM

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14. United States foreign exchange intervention is sometimes done by an Exchange Stabilization Fund or ESF (a branch of the Treasury Department) that manages a portfolio of U.S. government and...
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=+14. U.S. foreign exchange intervention is sometimes done by an Exchange Stabilization Fund, or ESF (a branch of the Treasury Department), which manages a portfolio of
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=+the U.S. and Japanese money supplies, for example, when the Bank of Japan sells yen for dollar bills that it then keeps.)
=+U.S. government and foreign currency bonds. An ESF intervention to support the yen, for example, would take the form of a portfolio shift out of dollar and into yen assets.
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=+14. U.S. foreign exchange intervention is sometimes done by an Exchange Stabilization Fund, or ESF (a branch

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International Economics

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