01677nam a2200337 a 4500 EDZ0000113796 StDuBDS 20150804193945.0 m||||||||d|||||||| cr|||||||||||| 121213s2013 nyua fo| 001 0 eng d 9780199980703 (ebook) : No price StDuBDS StDuBDS HG3851 .M44 2013 332.4560973 23 McKinnon, Ronald I. The unloved dollar standard [electronic resource] : from Bretton Woods to the rise of China / Ronald I. McKinnon. New York : Oxford University Press, 2013. 1 online resource : ill. 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. Foreign exchange. Dollar, American. Money United States. Money China. Currency question. Currency convertibility. Print version 9780199937004 Oxford scholarship online http://dx.doi.org/10.1093/acprof:oso/9780199937004.001.0001 38389 38389