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.
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: New York : Oxford University Press, 2013.
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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:1 online resource (xvi, 220 pages) : illustrations
Bibliographie:Includes bibliographical references and index.
ISBN:9780199980703
0199980705
9780199937011
019993701X

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