Economic Integration and the Exchange Rate Regime: Some Lessons from Canada

Business & Finance, Economics, Money & Monetary Policy, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Economic Integration and the Exchange Rate Regime: Some Lessons from Canada by Vivek Mr. Arora, Olivier Mr. Jeanne, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Vivek Mr. Arora, Olivier Mr. Jeanne ISBN: 9781455294190
Publisher: INTERNATIONAL MONETARY FUND Publication: May 1, 2001
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Vivek Mr. Arora, Olivier Mr. Jeanne
ISBN: 9781455294190
Publisher: INTERNATIONAL MONETARY FUND
Publication: May 1, 2001
Imprint: INTERNATIONAL MONETARY FUND
Language: English

The Canadian experience with a floating exchange rate regime can shed some light on the question of whether A question of current interest in many parts of the world is whether with growing economic integration among groups of countries makes a fixed exchange rate, or even a common currency, becomes more desirable. This paper looks at the lessons that one may draw from tThe Canadian experience, with a floating exchange rate regime, especially since the inception of the 1989 U.S.-Canada Free Trade Agreement, suggests. We find that exchange rate flexibility has not prevented economic integration between Canada and the United States from increasing substantially, during the 1990s, and has played a useful role in buffering the Canadian economy against asymmetric external shocks. A fixed exchange rate thus does not seem to be a prerequisite for economic integration. It may, however, yield substantial have benefits for some countries that lack monetary credibility or that may be tempted by self-destructive beggar-thy-neighbor policies.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The Canadian experience with a floating exchange rate regime can shed some light on the question of whether A question of current interest in many parts of the world is whether with growing economic integration among groups of countries makes a fixed exchange rate, or even a common currency, becomes more desirable. This paper looks at the lessons that one may draw from tThe Canadian experience, with a floating exchange rate regime, especially since the inception of the 1989 U.S.-Canada Free Trade Agreement, suggests. We find that exchange rate flexibility has not prevented economic integration between Canada and the United States from increasing substantially, during the 1990s, and has played a useful role in buffering the Canadian economy against asymmetric external shocks. A fixed exchange rate thus does not seem to be a prerequisite for economic integration. It may, however, yield substantial have benefits for some countries that lack monetary credibility or that may be tempted by self-destructive beggar-thy-neighbor policies.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Fiscal Monitor, April 2018 by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Corporate Debt Restructuring in East Asia-Some Lessons from International Experience by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Finance & Development, June 1996D by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Fiscal Policy in Open Developing Economies by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book The Economy of the Middle East and North Africa in 1997 by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book World Economic Outlook, April 2007: Spillovers and Cycles in the Global Economy by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Impact of the Global Financial Crisis on Exchange Rates and Policies in Sub-Saharan Africa by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Policy Issues in the Evolving International Monetary System by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Treasury Single Account: An Essential Tool for Government Cash Management (EPub) by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Into the EU: Policy Frameworks in Central Europe by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book System of National Accounts 1993 by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Perspectivas de la economía mundial, october 2013 by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Finance & Development, March 1977 by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book The Making of Good Supervision: Learning to Say "No" by Vivek Mr. Arora, Olivier Mr. Jeanne
Cover of the book Regional Economic Outlook: Western Hemisphere (November 2006) by Vivek Mr. Arora, Olivier Mr. Jeanne
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy