On the Evolution of US Foreign-Exchange-Market Intervention: Thesis, Theory, and Institutions

Michael D. Bordo, Owen F. Humpage, and Anna J. Schwartz, Strained Relations: US Foreign-Exchange Operations and Monetary Policy in the Twentieth Century (University of Chicago Press, 2016), chap. 1, https://www.nber.org/books-and-chapters/strained-relations-us-foreign-exchange-operations-and-monetary-policy-twentieth-century/evolution-us-foreign-exchange-market-intervention-thesis-theory-and-institutions.