The Exchange Stabilization Fund: Slush Money or War Chest?

by C. Randall Henning

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"