The rules of the game: international money and exchange rates / Ronald I McKinnon

1. Introduction --
2. The Rules of the Game: International Money in Historical Perspective --
3. Exchange Risk and Interest Rate Volatility in Historical Perspective --
4. An International Gold Standard without Gold --
5. Private and Official International Money: The Case for the Dollar, 1969 --
6. Sterilization in Three Dimensions: Major Trading Countries, Eurocurrencies, and the United States --
7. Currency Substitution and Instability in the World Dollar Standard --
8. Why U.S. Monetary Policy Should Be Internationalized --
9. Money Supply versus Exchange-Rate Targeting: An Asymmetry between the United States and Other Industrial Economies --
10. Optimum Currency Areas --
11. Optimum World Monetary Arrangements and the Dual-Currency System --
12. Floating Foreign-Exchange Rates, 1973-74: The Emperor's New Clothes --
13. The Exchange Rate and Macroeconomic Policy: Changing Postwar Perceptions --
14. Exchange-Rate Instability, Trade Imbalances, and Monetary Policies in Japan and the United States --
15. Monetary Control and the Crawling Peg --
16. Two Concepts of International Currency Substitution --
17. Why Floating Exchange Rates Fail: A Reconsideration of the Liquidity Trap --
18. Floating Exchange Rates and the New Interbloc Protectionism: Tariffs versus Quotas --
19. A Common Monetary Standard or a Common Currency for Europe? Fiscal Lessons from the United States --
20. Monetary and Exchange-Rate Policies for International Financial Stability: A Proposal --
21. The Monetary Road to Postwar Prosperity: Marshall-Dodge or Bretton Woods? --
22. From Plaza-Louvre to a Common Monetary Standard for the Twenty-First Century --
Appendix: McKinnon's Handy Reference Guide to the Rules of the Game