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North American Monetary Union.
Title: North American Monetary Union.
Category: History / North American History
Details: Words: 1069 | Pages: 4.5 (approximately 235 words/page)
North American Monetary Union.
Monetary Union with United States
In recent years, there has been an ongoing debate over Canada's exchange rate policy because of its volatility and low value against the U.S. dollar. Canada has two reasons to be still in a floating exchange rate system: Keeping open capital markets going and independence of its monetary policy that led Canada to be successful in stabilizing its economy by keeping inflation and interest rates low. Although this is …showed first 75 words of 1069 total…
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…showed last 75 words of 1069 total…the Bretton Woods system in late 1960s.
References
Courchene, T. J. and R. G. Harris. 1999. "From Fixing to Monetary Union: Options for North
American Currency Integration." C. D. Howe Institute Commentary 127. June.
Laidler, David. 1999. "What Do the Fixers Want to Fix? The Debate about Canada's Exchange
Rate Regime." C.D. Howe Institute Commentary 131. December.
McCallum, John. 2000. "Engaging the Debate: Cost and Benefits of a North American Common
Currency." Current Analysis, Royal Bank of Canada. April.
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