Canada's Dodge on global imbalances

In the speech 'Global imbalances: Why worry? What to do?' given on 29 March David Dodge of the Bank of Canada said large and persistent current account imbalances are a global problem and all countries must adopt policies that will allow market forces to resolve them.

In a speech to the New York Association for Business Economics, Mr. Dodge discussed how policy-makers can develop an international monetary system that supports market-based solutions to global imbalances. Such a system would

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