The unloved dollar standard: from Bretton Woods to the rise of China

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....

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Bibliographische Detailangaben
1. Verfasser: McKinnon, Ronald I. 1935-2014 (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: New York Oxford University Press 2013
Schlagworte:
Online-Zugang:UBG01
Volltext
Zusammenfassung: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
Beschreibung:Includes bibliographical references and index
Beschreibung:1 online resource ill
ISBN:9780199980703
DOI:10.1093/acprof:oso/9780199937004.001.0001

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