R. G. McKinnon

R. G. McKinnon was a prominent economist known for his work on international finance and exchange rate systems. He analyzed how countries manage their currencies and the impact of different policies on economic stability and growth. McKinnon emphasized the importance of free-market principles, such as allowing currencies to fluctuate freely when appropriate, and advocated for credible commitment mechanisms to ensure stable exchange rates. His research helped shape policies on currency regulation and contributed to understanding the benefits of flexible exchange rate systems, promoting more efficient international economic interactions.