The unloved dollar standard : from Bretton Woods to the rise of China /
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| Author / Creator: | McKinnon, Ronald I. |
|---|---|
| Imprint: | New York : Oxford University Press, 2013. |
| Description: | 1 online resource (xvi, 220 pages) : illustrations |
| Language: | English |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12587585 |
Table of Contents:
- Introduction: The Unloved Dollar Standard.
- Part I. The International Money Machine. The Dollar's Facilitating Role as International Money Today ; The Dollar as a Worldwide Nominal Anchor: The Federal Reserve's Insular Monetary Policy from 1945 to the late 1960s ; The Slipping Anchor 1971 to 2008: The Nixon, Carter, and Greenspan Shocks ; The Bernanke Shock 2008?12: Interest Differentials, Carry Trades, and Hot Money Flows.
- Part II. Trade Imbalances. The United States' Saving Deficiency, Current Account Deficits, and De-Industrialization ; Exchange Rates and Trade Balances under the Dollar Standard (Helen Qiao) ; Why Exchange Rates Changes Need Not Correct Global Trade Imbalances ; The Transfer Problem in Reducing the U.S. Current Account Deficit.
- Part III. China: Adjusting to the Dollar Standard. High Wage Growth under Stable Dollar Exchange Rates: Japan 1950-1971, and China 1994-2011 ; Currency Mismatches on the Dollar's Periphery: Why China as an Immature Creditor Cannot Float Its Exchange Rate ; China and Its Dollar Exchange Rate: A Worldwide Stabilizing Influence? (with Gunther Schnabl).
- Part IV. International Monetary Reform. Rehabilitating the Dollar Standard and the Role of China.