Why Canada needs a flexible exchange rate / by John Murray. : FB3-2/99-12E
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
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Why Canada needs a flexible exchange rate / by John Murray. |
| Series title | Working paper1192-543499-12 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Paper |
| Other formats | Electronic-[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. Résumés en français |
| Publishing information | Ottawa - Ontario : Bank of Canada 1999. |
| Binding | Softcover |
| Description | vi, 24p. : graphs, references, tables ; 28 cm. |
| ISBN | 0-662-27997-2 |
| ISSN | 1192-5434 |
| Catalogue number |
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| Departmental catalogue number | 99-12 |
| Subject terms | Exchange rates Monetary policy Currency |
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