Seventy Years of Central Banking: The Bank of Canada in International Context, 1935-2005
AbstractOn the seventieth birthday of the Bank of Canada, we evaluate the Bank's contribution to monetary policy in an international context. We focus on: the reasons for the establishment of the central bank in 1935, its unique record of floating in a sea of fixed currencies under Bretton Woods; its experience with the Great Inflation and monetarism; its pioneering adoption of inflation targeting; and recent innovations in the payments and the phasing out of reserve requirements.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 11586.
Date of creation: Aug 2005
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Note: DAE ME
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Find related papers by JEL classification:
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-11 (All new papers)
- NEP-CBA-2005-09-11 (Central Banking)
- NEP-FMK-2005-09-11 (Financial Markets)
- NEP-HIS-2005-09-11 (Business, Economic & Financial History)
- NEP-MAC-2005-09-11 (Macroeconomics)
- NEP-MON-2005-09-11 (Monetary Economics)
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