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References

Broda, Christian, and David Weinstein, 2007: "Defining Price Stability in Japan: A View from America", NBER Working Paper #13255, July.

De Grauwe, Paul, 2006: "Enlargement of the Euro Area: On Monetary and Political Union", CES ifo Forum, Winter vol 7, No. 4, 3-10.

Goyal, Rishi, and Ronald McKinnon, 2003: Japan's Negative Risk Premium in Interest Rates: The Liquidity Trap and Fall in Bank Lending. The World Economy 26, 339-63.

The Economist, February 10 and April 21, 2007

Financial Times, March 30, 2007

Hayashi, Yuka, 2007: "Japan Inc Comes Back Home", Wall Street Journal, June 12.

Lett, Erin and Judith Banister, 2006: "Labor Costs of Manufacturing Employees in China: an Update to 2003-04", Monthly Labor Review November, pp 40-45.

Lindbeck, Assar, 1979: Inflation and Unemployment in Open Economies, North Holland, Amsterdam.

McKinnon, Ronald, 2007: "Why China Should Keep its Dollar Peg", International Finance 10:1, pp 43-70

----, 2005: Exchange Rates under the East Asian Dollar Standard: Living with Conflicted Virtue. MIT Press, Cambridge Mass.

McKinnon, Ronald and Kenichi Ohno, 1997: Dollar and Yen. Resolving Economic Conflict between the United States and Japan, MIT Press, Cambridge Mass.

McKinnon, Ronald, and Gunther Schnabl, 2006: "China's Exchange Rate and International Adjustment in Wages, Prices, and Interest Rates: Japan Deja Vu?", CESifo, Working Paper #1720, May.

Qiao, Hong (Helen) 2007: "Exchange Rates and Trade Balances Under the Dollar Standard" Journal of Policy Modelling (forthcoming).

Taylor, John, 2007: Global Financial Warriors, WW Norton, New York.

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