Ronald I. McKinnon
William D. Eberle Professor of Economics (Emeritus)
Contact Info:
[email protected]
http://www.stanford.edu/~mckinnon/
Page in Stanford Directory
Phone: 650-723-3721
Office: Landau 321
Office hours: Monday 10:30-12 pm and Tuesday 1:30-3 pm
Interests
- Research: International trade and finance, economic development, monetary theory and policy; money and banking
- Current Research: Trade and financial policy in China and other less developed and transitional economies, international finance and currency crises, Japan’s liquidity trap, the world dollar standard, and market-preserving federalism, China and East Asia
- Teaching: International trade and finance, economic development, monetary theory and policy, financial control in developing and liberalizing socialist economies, money and banking
- Professional Affiliations:
AEA, World Bank, Asian Development Bank, and IMF
Recent Publications
(1) “The Order of Economic Liberalization: Financial Control in the Transition to a Market Economy,” Johns Hopkins Press, 2nd ed., 1993
(2) “The Rules of the Game: International Money and Exchange Rates,” MIT PRESS, 1996
(3) “Dollar and Yen: Resolving Economic Conflict Between the United States and Japan,” MIT Press, 1997
(4) “Japan’s Negative Risk Premium in Interest Rates: The Liquidity Trap and Fall in Bank Lending” (with Rishi Goyal), The World Economy, 2003
(5) “Exchange Rates Under the East Asian Dollar Standard: Living With Conflicted Virtue,” MIT Press, 2005
(6) “Why China Should Keep its Dollar Peg,” International Finance, March 2007
(7) “Japan’s Deflationary Hangover: Wage Stagnation and the Syndrome of the Ever- Weaker Yen,” Singapore Economic Review, December, 2007
List of Stanford Working Papers
Current Courses
| Winter | ECON 168 Topics in International Finance ECON 268 Topics in International Finance |
Education
Ph.D., University of Minnesota; A.B., University of Alberta