Journals Higher Education



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Published: 31 January 2013

240 Pages | 58 illustrations


ISBN: 9780199937004

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The Unloved Dollar Standard

From Bretton Woods to the Rise of China

Ronald I. McKinnon

  • This book presents a perspective on the role of the dollar exchange rate in undergirding multilateral trade on a global basis, both as a facilitator and as an anchor. Instability in the dollar standard is linked to commodity price bubbles, particularly spikes in the world price of oil in the 1970s and since 2007.