Money in International Exchange

Money in International Exchange
Author :
Publisher : New York : Oxford University Press
Total Pages : 307
Release :
ISBN-10 : 9780195024098
ISBN-13 : 0195024095
Rating : 4/5 (095 Downloads)

Book Synopsis Money in International Exchange by : Ronald I. McKinnon

Download or read book Money in International Exchange written by Ronald I. McKinnon and published by New York : Oxford University Press. This book was released on 1979 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do nations trade when no purely international money exists? This book describes how the use of national currencies, only some of which have the important international property of being convertible, allows most of world trade to be effectively monetized rather than bartered. Professor McKinnon's analysis represents the first attempt to focus on the microeconomic and monetary aspects of international exchange, and addresses unresolved problems in securing mutual monetary adjustment among the world's great trading economies.


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