Ronald McKinnon is Professor Emeritus of International Economics at Stanford University, and the author of The Unloved Dollar Standard: From Bretton Woods to the Rise of China.
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Ronald McKinnon
Commentaries by Ronald McKinnon
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The Unloved Dollar Standard
PALO ALTO – Since World War II’s end, the US dollar has been used to invoice most global trade, serving as the intermediary currency for cle…
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The Problem with “China Bashing”
Pressure on China today to push up the value of the yuan against the dollar is eerily similar to the pressure on Japan 30 years ago to make …
The Unloved Dollar Standard
Chee-Heong Quah: Now I understand. In sum, government intervention disrupts the mechanics of the natural price mechanism in the interbank market. The act of Federal Reserves bidding up prices of bills and bonds, pu…
The Unloved Dollar Standard
John Monroe: This argument loses all credibility the second it hones in on entitlement spending, rather than spending, as a root problem. How is it defense spending eludes Dr. Mckinnon's radar? -- one detects ideo…