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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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Bibliographic Details
Main Author: McKinnon, Ronald I.
Format: eBook
Language:English
Published: New York : Oxford University Press, 2013.
Subjects:
Foreign exchange.
Dollar, American.
Money > United States.
Money > China.
Currency question.
Currency convertibility.
Change.
Dollar américain.
Monnaie > États-Unis.
Monnaie > Chine.
Monnaie > Convertibilité.
BUSINESS & ECONOMICS > Foreign Exchange.
Currency convertibility
Currency question
Dollar, American
Foreign exchange
Money
China
United States
Electronic books.
Online Access:Connect to the full text of this electronic book
Description
Summary: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.
Physical Description:1 online resource (xvi, 220 pages) : illustrations
Bibliography:Includes bibliographical references and index.
ISBN:9780199980703
0199980705
9780199937011
019993701X