Ronald McKinnon

Ronald McKinnon is an economist known for his work on international financial stability and exchange rate policies. He developed theories explaining how countries manage their currencies and capital flows to avoid financial crises. McKinnon highlighted the importance of fixed or stable exchange rates in promoting economic growth, especially for developing nations, by encouraging investment and trade. His research also emphasized the risks of unrestricted capital movement, which can lead to volatile financial markets. Overall, his work provides insights into how countries can balance currency policies to maintain economic stability and growth.