Money in international exchange: The convertible currency system

By Ronald I. McKinnon

Book Overview

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.

• Format: Hardcover
• Language: English
• ISBN: 0195024087
• ISBN13: 9780195024081
• Release Date: January 1979
• Publisher: Oxford University Press
• Length: 294 Pages
• Weight: 1.00 lbs.