Between Meltdown and Moral Hazard: The International Monetary and Financial Policies of the Clinton Administration

  title={Between Meltdown and Moral Hazard: The International Monetary and Financial Policies of the Clinton Administration},
  author={J. Bradford Delong and Barry Eichengreen},
  journal={NBER Working Paper Series},
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… 
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