00000nam##2200000za#4500 9.614795 CaOODSP 20211126112847 ta 150406|1999||||xxc||||| f|0| 0 eng|d 0-662-27770-8 1192-5434 CaOODSP eng n-cn--- FB3-2/99-7E Bank of Canada. The exchange rate regime and Canada's monetary order / by David Laidler. Ottawa - Ontario : Bank of Canada 1999. 24p. : references ; 28 cm. Working paper 1192-5434 99-7 "The paper concludes that the current order is well-conceived because cross-border labour mobility is limited, Canadian money wages and prices are sticky, and the real exchange rate between Canada and the United States is subject to real shocks. Among the fixed rate options, all of which are inferior to current arrangements, a full monetary union is judged the most economically viable, though politically illiberal, while a pegged rate seems to provide an untrustworthy basis for a coherent monetary order."--Page v. The paper concludes that the current order is well-conceived because cross-border labour mobility is limited, Canadian money wages and prices are sticky, and the real exchange rate between Canada and the United States is subject to real shocks. Among the fixed rate options, all of which are inferior to current arrangements, a full monetary union is judged the most economically viable, though politically illiberal, while a pegged rate seems to provide an untrustworthy basis for a coherent monetary order.--Page v Résumés en français Softcover 99-15 1999-04-16 Exchange rates gcpds Monetary policy gcpds Laidler, David The exchange rate regime and Canada's monetary order / (CaOODSP)9.571709 Working paper, 1192-5434 99-7 (CaOODSP)9.514622 99-7