Ronald McKinnon
Ronald McKinnon (1935-2014), a former professor of International Economics at Stanford University, is the author of The Unloved Dollar Standard: From Bretton Woods to the Rise of China.
Ronald McKinnon (1935-2014), a former professor of International Economics at Stanford University, is the author of The Unloved Dollar Standard: From Bretton Woods to the Rise of China.
In late February, the gradual appreciation of the renminbi was interrupted by a 1% depreciation. The resulting international outcry obscured a troubling feature of China’s exchange-rate policy: the te… read more
The US dollar's role as international anchor is faltering, as emerging markets become frustrated by the Fed’s near-zero interest-rate policy and the US protests other countries' exchange-rate policies… read more
Pressure on China today to push up the value of the yuan against the dollar is eerily similar to the pressure on Japan thirty years ago to make the yen appreciate.
