Ronald McKinnon
Senior Fellow, Stanford Center for International Development at SIEPR

Professor McKinnon is the William D. Eberle Professor of International Economics. Current research interests include the East Asian currency crises, the transition from socialism in China and Eastern Europe, the economic slump and liquidity trap in Japan, international monetary reform, and the regulation of banks in the presence of foreign capital flows.

Recent books include:

• The Order of Economic Liberalization: Financial Control on the Transition to a Market Economy, 2nd Edition (1993)
• The Rules of the Game: International Money and Exchange Rates (1996)
• Dollar and Yen: Resolving Economic Conflict Between the United States and Japan (with K. Ohno, 1997)

Recent (1999) articles include:

• "Foreign Exchange Regimes in Emerging Markets, Moral Hazard, and International Overborrowing (with H. Pill)
• "The East Asian Dollar Standard, Life after Death?"
• "The Foreign Exchange Origins of the Economic Slump in Japan in the 1990s: The Interest Rate Trap" (with K. Ohno)

Professor McKinnon's teaches international trade and finance, economic development, money and banking, and financial control in developing and transitional socialist economies.