Ritha Khemani

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International Interest Rate Linkages and Monetary Policy: A Canadian Perspective

Technical Report No. 52 John Murray, Ritha Khemani
This paper examines the implications of increased international capital mobility and asset substitutability for domestic monetary policy in a small open economy such as Canada. Alternative definitions of international financial market integration are presented and tested in the context of two popular macro models. In the main, results suggest that interest rate relationships in Canada […]
Content Type(s): Technical Reports Topic(s): Interest rates, International topics JEL Code(s): E, E5, E50, F, F3, F33

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