The
unloved dollar standard
from Bretton Woods to the rise of China
McKinnon, Ronald I.
creator
text
nyu
New York
Oxford University Press
2013
monographic
eng
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.
specialized
Ronald I. McKinnon.
Includes bibliographical references and index.
Foreign exchange
Dollar, American
Money
United States
Money
China
Currency question
Currency convertibility
HG3851 .M44 2013
332.4560973
9780199980703 (ebook) :
http://dx.doi.org/10.1093/acprof:oso/9780199937004.001.0001
http://dx.doi.org/10.1093/acprof:oso/9780199937004.001.0001
StDuBDS
121213
20150804193945.0
EDZ0000113796