RONALD I. McKINNON
William D. Eberle Professor of Economics

Ph.D. University of Minnesota; A.B. University of Alberta.

Current Research: Trade and financial policy in less developed and transitional economies, international finance and currency crises, Japan's liquidity trap, the world dollar standard and international financial architecture, the economics of market-preserving federalism.

Representative Recent Publications: (1) The Order of Economic Liberalization: Financial Control in the Transition to a Market Economy, Johns Hopkins Press, 2nd ed., 1993; (2) The Rules of the Game: International Money and Exchange Rates, MIT Press, 1996; (3) Dollar and Yen: Resolving Economic Conflict Between the United States and Japan, MIT Press, 1997; (4) "Exchange Rate Regimes for Emerging Markets, Moral Hazard, and International Overborrowing," (with Huw Pill), Oxford Review of Economic Policy, 1999; (5) “Japan’s Negative Risk Premium in Interest Rates: The Liquidity Trap and Fall in Bank Lending” (with Rishi Goyal) The World Economy, 2003.

Teaching Interests: International trade and finance, economic development, monetary theory and policy, financial control in developing and liberalizing socialist economies, money and banking.

Professional Affiliations: AEA, World Bank, Asian Development Bank, and IMF.