Economic Integration and the Exchange Rate Regime: Some Lessons from Canada
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...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2001
|
| Schriftenreihe: | IMF Policy Discussion Papers
Policy Discussion Paper No. 01/1 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | 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 |
| Beschreibung: | 1 Online-Ressource (21 p) |
| ISBN: | 1451974949 9781451974942 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:26Z |
| indexdate | 2024-07-10T09:35:35Z |
| institution | BVB |
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| language | English |
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| record_format | marc |
| series2 | IMF Policy Discussion Papers |
| spelling | Arora, Vivek B. Verfasser aut Economic Integration and the Exchange Rate Regime Some Lessons from Canada Arora, Vivek B Washington, D.C International Monetary Fund 2001 1 Online-Ressource (21 p) txt rdacontent c rdamedia cr rdacarrier IMF Policy Discussion Papers Policy Discussion Paper No. 01/1 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 Online-Ausg Jeanne, Olivier Sonstige oth http://elibrary.imf.org/view/IMF003/01957-9781451974942/01957-9781451974942/01957-9781451974942.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Arora, Vivek B. Economic Integration and the Exchange Rate Regime Some Lessons from Canada |
| title | Economic Integration and the Exchange Rate Regime Some Lessons from Canada |
| title_auth | Economic Integration and the Exchange Rate Regime Some Lessons from Canada |
| title_exact_search | Economic Integration and the Exchange Rate Regime Some Lessons from Canada |
| title_exact_search_txtP | Economic Integration and the Exchange Rate Regime Some Lessons from Canada |
| title_full | Economic Integration and the Exchange Rate Regime Some Lessons from Canada Arora, Vivek B |
| title_fullStr | Economic Integration and the Exchange Rate Regime Some Lessons from Canada Arora, Vivek B |
| title_full_unstemmed | Economic Integration and the Exchange Rate Regime Some Lessons from Canada Arora, Vivek B |
| title_short | Economic Integration and the Exchange Rate Regime |
| title_sort | economic integration and the exchange rate regime some lessons from canada |
| title_sub | Some Lessons from Canada |
| url | http://elibrary.imf.org/view/IMF003/01957-9781451974942/01957-9781451974942/01957-9781451974942.xml |
| work_keys_str_mv | AT aroravivekb economicintegrationandtheexchangerateregimesomelessonsfromcanada AT jeanneolivier economicintegrationandtheexchangerateregimesomelessonsfromcanada |