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Bank of Canada RSS Feedsen2024-03-28T12:20:03+00:00The Turning Black Tide: Energy Prices and the Canadian Dollar
https://www.bankofcanada.ca/2006/08/working-paper-2006-29/
The authors revisit the relationship between energy prices and the Canadian dollar in the Amano and van Norden (1995) equation, which shows a negative relationship such that higher real energy prices lead to a depreciation of the Canadian dollar.2006-08-04T15:55:16+00:00enThe Turning Black Tide: Energy Prices and the Canadian Dollar2006-08-04Econometric and statistical methodsExchange ratesWorking Paper 2006-29 https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp06-29.pdfThe Turning Black Tide: Energy Prices and the Canadian DollarRamzi IssaRobert LafranceJohn MurrayAugust 2006FF3F31Why 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 1999FF3F31