The rules of the game
Subtitle: international money and exchange rates
By: Ronald I. McKinnon.
Publisher: MIT Press
Published: 1996
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 558
Subjects: International finance -- History -- 19th century.; International finance -- History -- 20th century.; Foreign exchange rates -- History.
Description: The Rules of the Game brings together essays written over the course of thirty years by a major figure in the field. McKinnon analyzes and compares a wide variety of important international monetary regimes: the establishment of the gold standard in the nineteenth century, Bretton Woods, the dollar standard, floating exchange rates, the European Monetary System, and current proposals for reforming world monetary arrangements.

The essays are unique in that they specify precisely the rules of the game for each international monetary regime - past, present, and future. For ease of reference, the book offers boxed summaries of each set of rules and then discusses their advantages and disadvantages, from the gold standard down to the author's proposal for a common monetary standard for the twenty-first century.
Notes: Includes bibliographical references and index.
Selected journal articles and essays from books published from the 1960's to the present.