The unloved dollar standard [electronic resource] : from Bretton Woods to the rise of China / Ronald I. McKinnon. McKinnon, Ronald I. Foreign exchange. Dollar, American. Money United States. Money China. Currency question. Currency convertibility. HG3851 .M44 2013 332.4560973 23 Includes bibliographical references and index. Description based on online resource; title from home page (viewed on Dec. 20, 2012). 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. New York : Oxford University Press, 2013. 2013. 2013 Text 1 online resource : http://dx.doi.org/10.1093/acprof:oso/9780199937004.001.0001 eng United States. China.