The unloved dollar standard [electronic resource] : from Bretton Woods to the rise of China / Ronald I. McKinnon.

By:

McKinnon, Ronald I

Material type: Text

TextPublication details: New York : Oxford University Press, 2013.Description: 1 online resource : illISBN:

9780199980703 (ebook) :

Subject(s):

Additional physical formats: Print version: No titleDDC classification:

332.4560973 23

LOC classification:

HG3851 .M44 2013

Online resources:

Oxford scholarship online

Summary: 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.

Tags from this library: No tags from this library for this title. Log in to add tags.

Average rating: 0.0 (0 votes)

No physical items for this record

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.

Description based on online resource; title from home page (viewed on Dec. 20, 2012).

Includes bibliographical references and index.

There are no comments on this title.

to post a comment.