Research - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T16:48:16+00:00Why Canada Needs a Flexible Exchange Rate
https://www.bankofcanada.ca/1999/07/working-paper-1999-12/
This paper explores the arguments for and against a common currency for Canada and the United States and attempts to determine whether such an arrangement would offer any significant advantages for Canada compared with the present flexible exchange rate system. The paper first reviews the theoretical arguments advanced in the economics literature in support of fixed and flexible currency arrangements. A discussion of Canada's past experience with the two exchange rate systems follows, after which there is a survey of the empirical evidence published on Canada's current and prospective suitability for some form of fixed currency arrangement with the United States. The final section of the paper examines critically a number of concerns raised about the behaviour of the current flexible exchange rate system.1999-07-03T15:23:48+00:00enWhy Canada Needs a Flexible Exchange Rate1999-07-03Exchange ratesWorking Paper 1999-12https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp99-12.pdfWhy Canada Needs a Flexible Exchange RateJohn MurrayJuly 1999FF3F31Liquidity of the Government of Canada Securities Market: Stylized Facts and Some Market Microstructure Comparisons to the United States Treasury Market
https://www.bankofcanada.ca/1999/07/working-paper-1999-11/
The aims of this study are to examine how liquidity in the Government of Canada securities market has evolved over the 1990s and to determine what factors influence the level of liquidity in this market, with some comparisons to the U.S. Treasury securities market. We find empirical support for the hypothesis that an increase in […]1999-07-03T15:18:48+00:00enLiquidity of the Government of Canada Securities Market: Stylized Facts and Some Market Microstructure Comparisons to the United States Treasury Market1999-07-03Financial marketsWorking Paper 1999-11 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp99-11.pdfLiquidity of the Government of Canada Securities Market: Stylized Facts and Some Market Microstructure Comparisons to the United States TreasuryToni GravelleJuly 1999DD4GG1G2