000	02065nam##2200337za#4500
001	9.614795
003	CaOODSP
005	20211126112847
007	ta
008	150406|1999||||xxc|||||     f|0| 0 eng|d
020	|a0-662-27770-8
022	|a1192-5434
040	|aCaOODSP|beng
043	|an-cn---
086	1 |aFB3-2/99-7E
110	2 |aBank of Canada.
245	14|aThe exchange rate regime and Canada's monetary order / |cby David Laidler.
260	|aOttawa - Ontario : |bBank of Canada |c1999.
300	|a24p. : |breferences ; |c28 cm.
490	1 |aWorking paper|x1192-5434|v99-7
500	|a"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.
520	3 |aThe 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
546	|aRésumés en français
563	|aSoftcover
590	|a99-15|b1999-04-16
690	07|aExchange rates|2gcpds
690	07|aMonetary policy|2gcpds
720	1 |aLaidler, David
776	0#|tThe exchange rate regime and Canada's monetary order / |w(CaOODSP)9.571709
830	#0|aWorking paper,|x1192-5434|v99-7|w(CaOODSP)9.514622