The monetary aggregates presently computed have a number of restrictive structural characteristics which could limit their usefulness as economic indicators and policy ta[...]

The sharp depreciation of the Canadian dollar and the successful launch of the euro have spawned an animated debate in Canada concerning the potential benefits of formall[...]

The sharp depreciation of the Canadian dollar and the successful launch of the euro have spawned an animated debate in Canada about the potential benefits of formally ado[...]

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Greater intervention by the public sector is often proposed as a solution to the increased speculation and excessive price volatility thought to characterize today's comp[...]

The world is getting smaller in the sense that the global economy is becoming ever more integrated and interconnected. Goods, services, capital and labor all flow more fr[...]

This paper examines the behaviour of the Canadian dollar from 1997 to 1999 to see if there is any evidence of excess volatility or significant overshooting. A small econo[...]

This paper examines the implications of increased international capital mobility and asset substitutability for domestic monetary policy in a small open economy such as C[...]

When the major industrial countries decided to move to a system of managed flexible exchange rates following the collapse of the Bretton Woods system, many observers thou[...]

This paper provides econometric and qualitative evidence that flexible exchange rate regimes have played important roles in stabilising the Canadian and Mexican economies[...]