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The exchange rate regime and Canada's monetary order / by David Laidler. : FB3-2/99-7E-PDF

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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publications.gc.ca/pub?id=9.571709&sl=1

Renseignements sur la publication
Ministère/Organisme
  • Bank of Canada.
TitreThe exchange rate regime and Canada's monetary order / by David Laidler.
Titre de la série
  • Bank of Canada working paper 1701-9397 99-7
Type de publicationMonographie - Voir l'enregistrement principal
Langue[Anglais]
FormatTexte numérique
Document électronique
Autres formats offertsTexte matériel-[Anglais]
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.
  • The ISBN (0-662-27770-8) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication.
  • Résumé en français.
Information sur la publication
  • Ottawa - Ontario : Bank of Canada March 1999.
Description32p.references
ISSN1701-9397
Numéro de catalogue
  • FB3-2/99-7E-PDF
Descripteurs
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