Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-cd9895bd7-q99xh Total loading time: 0 Render date: 2024-12-19T07:25:58.550Z Has data issue: false hasContentIssue false

4 - Federal Reserve Policy and Bretton Woods

Published online by Cambridge University Press:  05 March 2016

By
Michael D. Bordo  and
Owen F. Humpage
Edited by
Michael D. Bordo  and
Mark A. Wynne
Michael D. Bordo
Affiliation:
Rutgers University, New Jersey
Mark A. Wynne
Affiliation:
Federal Reserve Bank of Dallas
Get access

Summary

A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
The Federal Reserve's Role in the Global Economy
A Historical Perspective
 , pp. 89 - 127
Publisher: Cambridge University Press
Print publication year: 2016

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Bank of England, 1964. “The London Gold Market.” Quarterly Review 4: 16–21.Google Scholar
[AR] Board of Governors of the Federal Reserve System. various issues. Annual Report of the Federal Reserve System. Washington, DC: Board of Governors of the Federal Reserve System.Google Scholar
Board of Governors of the Federal Reserve System, 1976. Banking and Monetary Statistics, 1941–1970. Washington, DC: Board of Governors of the Federal Reserve System.Google Scholar
Bordo, Michael D., 1993. “The Bretton Woods International Monetary System: A Historical Overview” in Bordo, Michael D. and Eichengreen (eds.), Barry, A Retrospective on the Bretton Woods System, Lessons for International Monetary Reform. Chicago, IL: The University of Chicago Press.Google Scholar
Bordo, Michael D. and Eichengreen, Barry, 2013. “Bretton Woods and the Great Inflation” in Bordo, Michael D. and Orphanides, Athanasios (eds.) The Great Inflation, Rebirth of Modern Central Banking. Chicago, IL: Chicago University Press.Google Scholar
Bordo, Michael D., Humpage, Owen F., and Schwartz, Anna J., 2015. Strained Relations: U.S. Foreign-Exchange Operations and Monetary Policy in the Twentieth Century. Chicago, IL: University of Chicago Press.CrossRefGoogle Scholar
Bordo, Michael D. and Orphanides, Athanasios, 2013. “Introduction” in Bordo, Michael D. and Orphanides, Athanasios (eds.), The Great Inflation, Rebirth of Modern Central Banking. Chicago, IL: Chicago University Press.CrossRefGoogle Scholar
[Bulletin] Board of Governors of the Federal Reserve System. various issues. “Treasury and Federal Reserve Foreign Exchange Operations” Federal Reserve Bulletin. Washington, DC: Board of Governors of the Federal Reserve System.Google Scholar
Carlson, Mark and Wheelock, David, 2014. “Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935–1959.”Google Scholar
Coombs, Charles A., 1976. The Arena of International Finance. New York, NY: John Wiley & Sons.Google Scholar
de Vries, Margaret Garritsen, 1976. The International Monetary Fund 1966–1971, The System under Stress, vol. 1. Washington, DC: International Monetary Fund.Google Scholar
de Vries, Margaret Garritsen, 1985. The International Monetary Fund 1972–1978, Cooperation on Trial, vol. 1. Washington, DC: International Monetary Fund.Google Scholar
[ERP] Economic Report of the President. various issues. Washington, DC: Government Printing Office.Google Scholar
Eichengreen, Barry, 2000. “From Benign Neglect to Malignant Preoccupation: U.S. Balance of Payments Policy in the 1960s” in Perry, George and Tobin, James (eds.), Economic Events, Ideas and Policies: The 1960s and After. Washington, DC: Brookings Institution.Google Scholar
Eichengreen, Barry, 2013. “Does the Federal Reserve Care about the Rest of the World?” Journal of Economic Perspectives 27: 87–104.Google Scholar
[FOMC] Federal Open Market Committee. various issues. Minutes of the Federal Open Market Committee. Washington, DC: Board of Governors of the Federal Reserve System.Google Scholar
Gavin, Francis J., 2004. Gold, Dollars, and Power, The Politics of International Monetary Relations, 1958–1971. Chapel Hill, NC: The University of North Carolina Press.Google Scholar
Hetzel, Robert L., 1996. “Sterilized Foreign-Exchange Intervention: The Fed Debate in the 1960s.” Federal Reserve Bank of Richmond. Economic Quarterly 82: 21–46.Google Scholar
Hetzel, Robert L., 2008. The Monetary Policy of the Federal Reserve, A History. New York, NY: Cambridge University Press.Google Scholar
[IMF] International Monetary Fund. various issues. International Financial Statistics.Google Scholar
James, Harold, 1996. International Monetary Cooperation Since Bretton Woods. New York, NY: Oxford University Press.Google Scholar
Kenen, Peter B., 2008. “Bretton Woods System” in Durlauf, Steven N. and Blume, Larry E. (eds.), The New Palgrave Dictionary of Economics, 2nd ed., online: Palgrave Macmillan.Google Scholar
MacLaury, Bruce K., 1969. “Discussion of Questions Raised by Governor Maisel Concerning System Foreign Currency Operations.” Unpublished Board of Governors of the Federal Reserve System memorandum, January 30.Google Scholar
Maisel, Sherman J., 1973. Managing the Dollar. New York, NY: W.W. Norton.Google Scholar
McKinnon, Ronald I., 1993. “The Rules of the Game: International Money in Historical Perspective.” Journal of Economic Literature 31: 1–44.Google Scholar
Meltzer, Allan H., 1991. “U.S. Policy in the Bretton Woods Era.” Federal Reserve Bank of St. Louis. Economic Review 73: 54–83.Google Scholar
Meltzer, Allan H. 2003. A History of the Federal Reserve, vol.1, 1913–1951. Chicago, IL: University of Chicago Press.Google Scholar
Meltzer, Allan H., 2009a. A History of the Federal Reserve vol. 2, book one, 1951–1969. Chicago, IL: University of Chicago Press.Google Scholar
Meltzer, Allan H., 2009b. A History of the Federal Reserve vol. 2, book two, 1970–1986. Chicago, IL: University of Chicago Press.CrossRefGoogle Scholar
Modigliani, Franco and Sutch, Richard, 1966a. “Debt Management and the Term Structure of Interest Rates: An Empirical Analysis of Recent Experience.” Journal of Political Economy 75: 569–89.Google Scholar
Modigliani, Franco and Sutch, Richard, 1966b. “Innovations in Interest Rate Policy.” American Economic Review 56: 178–97.Google Scholar
Pauls, B. Dianne, 1990. “U.S. Exchange-Rate Policy: Bretton Woods to Present.” Federal Reserve Bulletin 76: 891–908.Google Scholar
Romer, Christina D. and Romer, David H., 2002a. “A Rehabilitation of Monetary Policy in the 1950s.” American Economic Review 92: 121–27.Google Scholar
Romer, Christian D. and Sutch, Richard, 2002b. “The Evolution of Economic Understanding and Postwar Stabilization Policy” in Rethinking Stabilization Policy. Kansas City, KS: Federal Reserve Bank of Kansas City.Google Scholar
Samuel Montagu & Co. Ltd. various issues. Annual Bullion Review.Google Scholar
Schlesinger, Arthur M., 1965. A Thousand Days, John F. Kennedy in the White House. Boston, MA: Houghton, Mifflin Co.Google Scholar
Solomon, Robert, 1971. “Use of Swap Network.” Unpublished Board of Governors of the Federal Reserve System memorandum, August 13.Google Scholar
Solomon, Robert, 1982. The International Monetary System: 1945–81. New York, NY: Harper and Row.Google Scholar
Swanson, Eric T., 2011. “Let’s Twist Again: A High-Frequency Even-Study Analysis of Operation Twist and Its Implications for QE2.” Brookings Papers on Economic Activity Spring: 151–207.Google Scholar
[Task Force] Task Force on System Foreign Currency Operations, 1990. “Reciprocal Currency Arrangements (The ‘Swap’ Network).” Paper #9, January 24, unpublished Board of Governors of the Federal Reserve System report.Google Scholar
[Task Force] Task Force on System Foreign Currency Operations, 1990. “Profits and Losses in U.S. Foreign-Currency Operations.” Paper #10, January 8, unpublished Board of Governors of the Federal Reserve System report.Google Scholar
Taylor, John B., 1999. “A Historical Analysis of Monetary Policy Rules” in Taylor, John B., (ed.), Monetary Policy Rules. Chicago, IL: University of Chicago Press.Google Scholar
Todd, Walker F., 1992. “Disorderly Markets: The Law, History, and Economics of the Exchange Stabilization Fund and U.S. Foreign-Exchange Market Intervention” in Kaufman, George G. (ed.), Research in Financial Services: Private and Public Policy, vol. 4, Greenwich, CT: JAI Press, 111–79.Google Scholar
Triffin, Robert, 1960. Gold and the Dollar Crisis, The Future of Convertibility. New Haven, CT: Yale University Press.Google Scholar
Yeager, Leland B. 1966. International Monetary Relations: Theory, History, and Policy. New York, NY: Harper & Row Publishers.Google Scholar

References

Ala’i, Padideh, Broude, Tomer, and Picker, Colin eds., 2006. Trade as Guarantor of Peace, Liberty and Security? Studies in Transnational Legal Policy, No. 37. Washington, DC: The American Society of International Law.Google Scholar
Bordo, Michael D. and Humpage, Owen, “Federal Reserve Policy and Bretton Woods,” this volume.Google Scholar
Boughton, James M. 2014. “Stabilizing International Finance: Can the System Be Saved?” CIGI Essays in International Finance, No. 2, September 2014. Available at www.cigionline.org/publications/cigi-essays-international-finance-volume-2-international-finance-can-system-be-saved?utm_source=homepage-feature&utm_medium=web&utm_campaign=UXGoogle Scholar
Carlson, Mark and Wheelock, David, “Navigating Constraints: The Evolution of Federal Reserve Monetary Policy, 1935–1959,” this volume.Google Scholar
Eichengreen, Barry, “Doctrinal Determinants, Domestic and International, of Federal Reserve Policy 1914–1933,” this volume.Google Scholar
Henning, C. Randall, 1999. The Exchange Stabilization Fund: Slush Money or War Chest? Policy Analyses in International Economics 57. Washington, DC: Peterson Institute for International Economics.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×