Language : English 简体 繁體
Commentaries by Ronald McKinnon

Ronald McKinnon

Professor, Stanford University

Ronald McKinnon, Professor Emeritus of International Economics at Stanford University, is the author of "The Unloved Dollar Standard: From Bretton Woods to the Rise of China".
  • Apr 12 , 2014

    In late February, the gradual appreciation of the renminbi was interrupted by a 1% depreciation. The resulting international outcry obscured a troubling feature of China’s exchange-rate policy: the tendency for sporadic renminbi appreciation (even small movements) to trigger speculative inflows of “hot” money.

Back to Top