The East Asian Dollar Standard, Fear of Floating, and Original Sin

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Exchange Rate Volatility and Growth in Emerging Europe and East Asia (2009, unknown): “If the exchange rate is fixed financial and thereby long-term macroeconomic stability is enhanced ( McKinnon and Schnabl 2004 ).”
Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold? (2017, unknown): “23 See, for example, McKinnon and Schnabl (2004).”
China's Dominance Hypothesis and the Emergence of a Tri-Polar Global Currency System (2014, unknown): “De jure, emerging Asian economies peg their currencies to the US dollar, like Europeans did to the Deutsche Mark, in what has been coined a “Revised Bretton Woods system” (Dooley, Folkerts-Landau and Garber, 2004) or an “East Asian dollar standard” (McKinnon and Schnabl, 2004).”
Sovereign Credit Ratings, Capital Flows and Financial Sector Development in Emerging Markets (2006, methodology): “…variables (CONTROLS) employed in the panel regressions varied depending on the financial sector development measures considered and the nature of 7 For more detailed discussion on the idea of original sin, see Eichengreen et al (2002) and McKinnon and Schnabl (2004). international capital flows.”