International Monetary Reform: Exchange Rates or Interest Rates?
Ronald McKinnon
Chapter 11 in The Role of Central Banks in Financial Stability:How Has It Changed?, 2013, pp 219-236 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
AbstractThe following sections are included:IntroductionInterest Differentials, Carry Trades, and Worldwide InflationCarry Trades and International Monetary ReformA New International Monetary Agreement?The Supply Constraint on Bank CreditA Concluding Note on Stagflation in the United StatesReferences
Keywords: Financial Stability; Financial Regulation; Macroprudential Regulation; Systemic Risk; Dodd-Frank; Financial Crisis (search for similar items in EconPapers)
Date: 2013
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