The Exchange Stabilization Fund: Slush Money or War Chest?
The Exchange Stabilization Fund: Slush Money or War Chest?
复制标题
外汇稳定基金：行贿资金还是战争基金？
DOI：
--
复制
发表时间：
1999
期刊：
影响因子：
--
通讯作者：
C. Henning
中科院分区：
文献类型：
--
作者：
C. Henning
外汇稳定基金（ESF）持有超过400亿美元，由美国财政部长支配，用于外汇干预和国际金融支持行动。它在1995年墨西哥一揽子救援计划中的使用使ESF近年来首次成为人们关注的焦点，它也被部署在几个亚洲危机国家。因此，财政部长对此类一揽子计划的可用性及其控制权变得非常有争议。本研究认为，基金是美国外交政策和经济政策的重要组成部分，它应该继续由财政部独家控制，但国会应该实施有效的稳定监督。Henning还介绍了ESF的立法历史，并概述了基金管理的原则。
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 ESF into the 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 control by the Treasury secretary have therefore become very controversial. This study maintains that the Fund is an important element of US foreign policy and economic policy and that it should remain under the exclusive control of the Treasury, but that congress should excercise effective steady oversight. Henning also covers the legislative history of the ESF and outlines the principles by which the Fund should be administered.