TY - BOOK AU - McKinnon,Ronald I. TI - The unloved dollar standard: from Bretton Woods to the rise of China SN - 9780199980703 (ebook) : AV - HG3851 .M44 2013 U1 - 332.4560973 23 PY - 2013/// CY - New York PB - Oxford University Press KW - Foreign exchange KW - Dollar, American KW - Money KW - United States KW - China KW - Currency question KW - Currency convertibility N1 - Includes bibliographical references and index N2 - This study argues that rehabilitating the dollar standard requires that American monetary and financial policies be 'internationalized': the Federal Reserve should aim for greater exchange rate stability by adjusting interest rates to prevent runs for or against the dollar, while the U.S. Treasury aims fiscal policy to balance exports and imports. China, now the world's largest exporter and creditor country, has a critical role to play in sustaining the dollar standard UR - http://dx.doi.org/10.1093/acprof:oso/9780199937004.001.0001 ER -