Ronald I. Mckinnon

The Unloved Dollar Standard (eBook, PDF)

From Bretton Woods to the Rise of China

• Format: PDF

Produktbeschreibung

This book provides historical and analytical perspectives on the different phases of the postwar dollar standard in order to better understand its resilience in spite of the great volatility in today's global monetary system.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Oxford University Press
• Seitenzahl: 368
• Erscheinungstermin: 28. November 2012
• Englisch
• ISBN-13: 9780199937011
• Artikelnr.: 39199266

Autorenporträt

Ronald McKinnon is the William D. Eberle Professor Emeritus of International Economics at Stanford University, where he has taught since 1961. He has been a consultant to central banks and finance ministries all over the world, including agencies such as the World Bank, International Monetary Fund, and European Central Bank.

Inhaltsangabe

* 1. Introduction: The Unloved Dollar Standard
* I. The International Money Machine
* 2. The Dollar's Facilitating Role as International Money Today
* 3. The Dollar as a Worldwide Nominal Anchor: The Federal Reserve's
Insular Monetary Policy
* from 1945 to the late 1960s
* 4. The Slipping Anchor 1971 to 2008: The Nixon, Carter, and Greenspan
Shocks
* 5. The Bernanke Shock 2008?12: Interest Differentials, Carry Trades,
and Hot Money Flows
* II. Trade Imbalances
* 6. The United States' Saving Deficiency, Current Account Deficits,
and De-Industrialization
* 7. Exchange Rates and Trade Balances under the Dollar Standard (Helen
Qiao)
* 8. Why Exchange Rates Changes Need Not Correct Global Trade
Imbalances
* 9. The Transfer Problem in Reducing the U.S. Current Account Deficit
* III. China: Adjusting to the Dollar Standard
* 10. High Wage Growth under Stable Dollar Exchange Rates: Japan
1950-1971, and
* China 1994-2011.
* 11. Currency Mismatches on the Dollar's Periphery: Why China as an
Immature
* Creditor Cannot Float Its Exchange Rate
* 12. China and Its Dollar Exchange Rate: A Worldwide Stabilizing
Influence? (with
* Gunther Schnabl)
* IV. International Monetary Reform
* 13. Rehabilitating the Dollar Standard and the Role of China