TY - BOOK AU - McKinnon,Ronald I. TI - Exchange rates under the East Asian dollar standard: living with conflicted virtue SN - 0262134519 U1 - 332.456095 PY - 2005/// CY - Cambridge, MA PB - MIT Press KW - Foreign exchange rates KW - East Asia KW - Monetary policy N1 - 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 ER -