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May 14, 2002

International Financial Architecture and the Resolution of Financial Crises

Remarks David Dodge Canadian Club of Ottawa and the Canadian Institute of International Affairs Ottawa, Ontario
The preamble to the Bank of Canada Act calls on us to promote the economic and financial welfare of Canada. In this context, we aim to foster good economic performance through monetary stability - that is to say, through low, stable, and predictable inflation. But no market economy can function properly unless it is also supported by an efficient and stable financial system.
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