Between Meltdown and Moral Hazard: The International Monetary and Financial Policies of the Clinton Administration / J. Bradford DeLong, Barry Eichengreen.

Format:

Book

Author/Creator:

DeLong, J. Bradford.

Contributor:

National Bureau of Economic Research.

Eichengreen, Barry.

Series:

Working Paper Series (National Bureau of Economic Research) no. w8443.

NBER working paper series no. w8443

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Between Meltdown and Moral Hazard

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2001.

Summary:

We review and analyze the monetary and financial policies of the Clinton administration with a focus on the strong dollar policy, the Mexican rescue, the response to the Asian crisis, and the debate over reform of the international financial architecture. While we consider the role of ideas, interests and institutions in the formulation of policy, our emphasis here is on institutions, and specifically on how personnel and administrative arrangements allowed the Treasury department to exercise an unusually important influence in the development of these policies. This allowed a set of ideas imported by Treasury from academia and the markets to strongly influence the formulation of the international monetary and financial policies during the Clinton years.

Notes:

Print version record

August 2001.