The Fed has the authority to buy foreign government debt ... this class of assets offers huge scope for Fed operations because the quantity of foreign assets eligible for purchase by the Fed is several times the stock of U.S. government debt.
- Ben Bernanke, Before the National Economists Club, Washington, D.C., November 21, 2002
Bernanke doctrine (6) Execute a de facto depreciation by buying foreign currencies on a massive scale.
연방은행은 외국 국채를 매입할 권한을 가지고 있습니다. 연방은행이 매입할 수 외국 자산군은 미국의 정부부채 보다 몇배나 되기 때문에 이 자산군은 연방정부의 정책운영 범위를 넓힙니다.
- 벤 버냉키
http://en.wikipedia.org/wiki/Bernanke_doctrine
http://www.federalreserve.gov/boardDocs/speeches/2002/20021121/default.htm
http://finclip.blogspot.com/2002/11/remarks-by-governor-ben-s-bernanke.html
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