The exchange rate regime and Canada's monetary order / by David Laidler. : FB3-2/99-7E
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
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | The exchange rate regime and Canada's monetary order / by David Laidler. |
| Series title | Working paper1192-543499-7 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[English] |
| Note(s) | "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 |
| Publishing information | Ottawa - Ontario : Bank of Canada 1999. |
| Binding | Softcover |
| Description | 24p. : references ; 28 cm. |
| ISBN | 0-662-27770-8 |
| ISSN | 1192-5434 |
| Catalogue number |
|
| Departmental catalogue number | 99-7 |
| Subject terms | Exchange rates Monetary policy |