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Why Canada needs a flexible exchange rate / by John Murray.: FB3-2/99-12E-PDF

The paper first reviews the theoretical arguments advanced in the economics literature in support of fixed and flexible currency arrangements. A discussion of Canada's past experience with the two exchange rate systems follows, after which there is a survey of the empirical evidence published on Canada's current and prospective suitability for some form of fixed currency arrangement with the United States. The final section of the paper examines critically a number of concerns raised about the behaviour of the current flexible exchange rate system.--Abstract

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.571696&sl=0

Publication information
Department/Agency
  • Bank of Canada.
TitleWhy Canada needs a flexible exchange rate / by John Murray.
Series title
  • Bank of Canada working paper 1701-9397 99-12
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Other formatsPhysical text-[English]
Note(s)
  • "The paper first reviews the theoretical arguments advanced in the economics literature in support of fixed and flexible currency arrangements. A discussion of Canada's past experience with the two exchange rate systems follows, after which there is a survey of the empirical evidence published on Canada's current and prospective suitability for some form of fixed currency arrangement with the United States. The final section of the paper examines critically a number of concerns raised about the behaviour of the current flexible exchange rate system."--Abstract.
  • The ISBN (0-662-27997-2) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. "Prepared for a conference hosted by Western Washington University 30 April 1999"--t.p.
  • Résumé en français.
Publishing information
  • Ottawa - Ontario : Bank of Canada July 1999.
Description33p.graphs, references, tables
ISSN1701-9397
Catalogue number
  • FB3-2/99-12E-PDF
Subject terms
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