China’s Exchange Rate Policy and Fiscal Expansion
March, 2009 Download
this brief (PDF).
By Ronald McKinnon
Ronald McKinnon is the
William D. Eberle Professor
of International Economics
at Stanford University,
where he has taught since
1961. He is also a SIEPR/SCID
His fields of interest are international
economics and development finance.
McKinnon has written over 100 articles
and several books, which include: Money
and Capital in Economic Development
(1973); Money in International Exchange:
The Convertible-Currency System (1979); The
Order of Economic Liberalization: Financial
Control in the Transition to a Market Economy,
1993; The Rules of the Game: International
Money and Exchange Rates, 1996; Dollar and
Yen: Resolving Economic Conflict Between the
United States and Japan (with Kenichi Ohno),
1997; and Exchange Rates under the East
Asian Dollar Standard: Living with Conflicted
Virtue, in 2005.
His books have been translated into many
European and Asian languages, and he
has been a consultant to central banks and
finance ministries the world over-including
international agencies such as the World
Bank and International Monetary Fund.