Author: Charles FreedmanPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Some Aspects of the Canadian Experience with Flexible Exchange Rates in the 1970s : Paper Prepared for Conference on Macroeconomic Under Flexible Exchange Rates, Madrid, September 5-8, 1979
Author: Charles FreedmanSome Aspects of the Canadian Experience with Flexible Exchange Rates in the 1970s
Author: Charles FreedmanPublisher: Ottawa, Ont. : Bank of Canada
ISBN:
Category : Banking law
Languages : en
Pages : 100
Book Description
In this study, the authors examine three aspects of the Canadian experience with flexible exchange rates in the 1970s: the movements in the Canadian dollar-U.S. dollar exchange rate, the sharp growth of external borrowings by Canadians in the 1974-76 period, and the real effects of relative price movements. Several theoretical and empirical exchange rate models are found to have done poorly in explaining the movements of the value of the Canadian dollar over the decade. In the examination of external borrowings in the mid-1970s, it is concluded that there was some response in borrower and lender behaviour to movements in nominal long-term interest rate differentials. Four sources of explanation for such behaviour are examined. A three-sector model comprising non-tradable goods, resource-based tradable goods and non resource-based tradable goods, is used to study the effects of changes in raw material prices, domestic unit labour costs, and the exchange rate on various real variables in the Canadian economy.
Some Aspects of the Canadian Experience with Flexible Exchange Rates in the 1970's
Author: Aspects of the Canadian Experience with Monetary Policy and Flexible Exchange Rates, 1970-82
Author: Brian Alwyn BethuneThe Stability of Flexible Exchange Rates
Author: G. Hartley MellishPublisher: [New York] : New York University, Institute of Finance
ISBN:
Category : Business & Economics
Languages : en
Pages : 84
Book Description
Aspects of Canada's Experience with Flexible Exchange Rates
Author: Kathie Clements MountPublisher:
ISBN:
Category :
Languages : en
Pages : 128
Book Description
The Canadian Balance of Payments
Author: Frances ChambersPublisher: IRPP
ISBN: 9780920380833
Category : Political Science
Languages : en
Pages : 276
Book Description
Canada's Experience with Fixed and Flexible Exchange Rates in a North American Capital Market
Author: Robert M. DunnPublisher: [Washington] : Canadian-American Committee
ISBN:
Category : Business & Economics
Languages : en
Pages : 104
Book Description
Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s
Author: Michael D. BordoPublisher:
ISBN:
Category : Canada
Languages : en
Pages : 64
Book Description
This paper revisits Canada's pioneering experience with floating exchange rate over the period 1950-1962. It examines whether the floating rate was the best option for Canada in the 1950s by developing and estimating a New Keynesian small open economy model of the Canadian economy. The model is then used to conduct a counterfactual analysis of the impact of different monetary policies and exchange rate regimes. The main finding indicates that the flexible exchange rate helped reduce the volatility of key macro-economic variables. The Canadian monetary authorities, however, clearly did not understand all of the implications of conducting monetary policy under a flexible exchange rate and a high degree of capital mobility. The paper confirms that monetary policy was more volatile in the post-1957 period and Canada's macroeconomic performance suffered as a result.
The Relative Effects of Uncertainty on Import Volume Under Flexible and Pegged Exchange Rates
Author: Peter John GinmanPublisher: Ann Arbor [Mich.] : University Microfilms International
ISBN:
Category : Canada
Languages : en
Pages : 284
Book Description