McKinnon, Ronald I.

Exchange rates under the East Asian dollar standard: living with conflicted virtue/ Ronald I. McKinnon. - Cambridge, MA : MIT Press, 2005. - x, 279 p. : ill. ; 24 cm.

Includes bibliographical references and index.

Introduction: The East Asian Exchange Rate Dilemma
1 The East Asian Dollar Standard, Fear of Floating, and Original
Sin
with Gunther Schnabl
2 Sjmchronized Business Cycles in East Asia, and Fluctuations in
the Yen/Dollar Exchange Rate
with Gunther Schnabl
3 Japan's Deflation and the Syndrome of the Ever-Higher Yen,
1971-1995
with Kenichi Ohno
4 Japan's Negative Risk Premium in Interest Rates: The Liquidity
Trap and Fall in Bank Lending
with Rishi Goyal
5 China: A Stabilizing or Deflationary Influence in East Asia? The
Problem of Conflicted Virtue
with Gunther Schnabl
6 The Overborrowing Syndrome and Economic Liberalization
with Huw Pill
7 Optimum Currency Areas and Key Currencies: Mundell I versus
Mundell II
8 Rationalizing the Dollar Standard in East Asia: Living with
Conflicted Virtue

0262134519


Foreign exchange rates--East Asia.
Monetary policy--East Asia.

332.456095 / MCK/E