The Balance Sheet of the Exchange Stabilization Fund, 1934-2019

Jiemin Sheng
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Jiemin Sheng: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 172, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: In this paper, the author explores the balance sheet of the Exchange Stabilization Fund (ESF) over its first 85 years as a lens though which to analyze the fund. An accompanying spreadsheet workbook provides data from the annual balance sheet of the ESF since the fund’s inception in 1934. These data are available in electronic form for the first time, which will be of interest to those wishing to do quantitative analyses of its role in U.S. monetary policy.

Keywords: Exchange Stabilization Fund (ESF); balance sheet; assets; liabilities; gold; foreign exchange intervention (search for similar items in EconPapers)
JEL-codes: E52 E59 N12 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2021-02
New Economics Papers: this item is included in nep-acc, nep-cba, nep-his, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jhisae:0172

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