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The unloved dollar standard : from Bretton Woods to the rise of China /
This study argues that rehabilitating the dollar standard requires that American monetary and financial policies be 'internationalized': the Federal Reserve should aim for greater exchange rate stability by adjusting interest rates to prevent runs for or against the dollar, while the U.S....
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Oxford University Press,
2013.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- 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.