1、1 For additional information, see CRS Report RS21102, International Capital Flows Followingthe September 11 Attacks, by James K. Jackson.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS21934September 13, 2004International Capital
2、Flows Following theSeptember 11 Attacks: An UpdateJames K. JacksonSpecialist in International Trade and FinanceForeign Affairs, Defense, and Trade DivisionSummaryThe 2001 terrorist attacks on New York and Washington raised concerns thatforeigners would curtail their purchases of U.S. financial asset
3、s, thereby weakening thevalue of the dollar. The Federal Reserve responded aggressively on its own and intandem with other central banks to supply liquidity and to take other actions in order toavert a potential crisis in the markets. These efforts were largely successful: by year-end2001 U.S. equit
4、y markets slowly recovered their pre-attack values, and the exchange ratevalue of the dollar returned to its pre-attack rate after fluctuating within a fairly narrowrange. A slower rate of economic growth in 2001 and 2002 reduced capital inflows tothe United States and likely contributed markedly to