Ronald McKinnon (economist)
Ronald Ian McKinnon was an applied economist. His primary interests were international economics and economic development, with strong secondary interests in transitional economies and fiscal federalism. Understanding financial institutions in general, and monetary institutions in particular, was central to his teaching and research, with interests ranging from the proper regulation of banks and financial markets in poorer countries to the historical evolution of global and regional monetary systems in the context of the world dollar standard.
He had been a professor of economics at the Stanford University since 1961. In particular, he researched international trade and finance, economic development, monetary theory and policy; money and banking.
McKinnon is best known for developing the theory of "Financial repression" in 1973, working alongside his colleague Edward Shaw.
Publications (incomplete)
- Ronald McKinnon. . SIEPR Policy Brief.
- Ronald McKinnon. . SCID. SCID Working Paper 497.
- Ronald McKinnon and Gunther Schnabl. . SCID. SCID Working Paper 493.
- Ronald McKinnon. . SIEPR Policy Brief.
Books
- Money and Capital in Economic Development. Brookings, 1973.
- Money in International Exchange: The Convertible-Currency System. Oxford Univ. Press, 1979.
- An International Standard for Monetary Stabilization. Institute for International Economics, 1984.
- The Order of Economic Liberalization: Financial Control in the Transition to a Market Economy. Johns Hopkins University Press, 1991; second edition, 1993,
- The Rules of the Game: International Money and Exchange Rates. MIT Press, 1996.
- Dollar and Yen: Resolving Economic Conflict Between the United States and Japan. MIT University Press, 1997,
- Exchange Rates under the East Asian Dollar Standard: Living with Conflicted Virtue. MIT Press 2005.
- The Unloved Dollar Standard: From Bretton Woods to the Rise of China. Oxford University Press, 2013