Special Courses SS 08
Exchange Rate Policies under the World Dollar Standard
Lecturer: Prof. Ronald McKinnon (Stanford University)
Date: June 30, 2008 – July 1, 2008 (Universität Leipzig)
Venue: Campus Jahnallee
Registration: not necessary
Course Outline
Monday, June 30, 2008
15.15 – 16.45: The World Dollar Standard in Historical Perspective (Room: Ma. 309)
Tuesday, July 01, 2008
09.15 – 10.45: Exchange Rates and Trade Balances under the Dollar Standard (Room: Ma. 03)
Wednesday, July 01, 2008
14.00 – 15.30: China’s Financial Conundrum: Lessons from Japan and Implications for the U.S. Credit Crunch (Room: Ma. 240)
Reading
[1] McKinnon, Ronald / Schnabl, Gunther 2008: China’s Financial Conundrum and Global Imbalances, mimeo.
[2] McKinnon, Ronald / Qiao, Hong 2007: Exchange rates and trade balances under the dollar standard in Journal of Policy Modeling 29, 765-782.
[3] McKinnon, Ronald 2007: The transfer problem in reducing the U.S. current account deficit in Journal of Policy Modeling 29, 669-675.
[4] Xafa, Miranda 2007: Global imbalances and financial stability in Journal of Policy Modeling 29, 783-796.
[5] McKinnon, Ronald 2007: U.S. Current Account Deficits and the Dollar Standard’s Sustainability: A Monetary Approach in CESifo Forum 4/2007.
[6] McKinnon, Ronald 2007: Why China Should Keep Its Exchange Rate Pegged to the Dollar: A Historical Perspective from Japan in International Finance.
[7] McKinnon, Ronald 2007: Japan´s Deflationary Hangover: Wage Stagnation and the Syndrome of the Ever-Weaker Yen, The Singapore Economic Review, Vol. 52, No. 3, 309-334.
[8] McKinnon, Ronald 2005: Exchange Rates under the East Asian Dollar Standard: Living with Conflicted Virtue, MIT Press.
[9] McKinnon, Ronald 2005: The World Dollar Standard and Globalization: New Rules for the Game, mimeo, 1-36.
[10] McKinnon, Ronald / Schnabl, Gunther 2004: The Return to Soft Dollar Pegging in East Asia: Mitigating Conflicted Virtue. International Finance 7, 169-201.
[11] Papaioannou, Elias / Richard Portes 2008: The International Role of the Euro: A Status Report in European Economy 4/2008.
