Bank of Canada paper urges reform to international monetary system

bank-of-canada-2

Increasingly flexible and more market-determined nominal and real exchange rates for all systemically important countries are needed to reform the international monetary system, according to a Bank of Canada paper published on Thursday.

The paper, which appears in the central bank's Autumn 2011 Review, and is co-authored by Eric Santor and Lawrence Schembri, argues that the lack of exchange rate adjustment not only led to the emergence of the substantial external imbalances in the US and China

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: