Canada’s Murray identifies shift in global policy effort

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John Murray, a deputy governor of the Bank of Canada, on Tuesday said economies were increasingly learning about the benefits of global policy co-ordination.

At the State University of New York in Plattsburgh, New York, Murray said: "A generation ago both academics and policy-makers shared the equally firm belief that the prospective gains from global co-ordination were minimal, if not negative. They advocated a more independent approach to policy formulation and implementation, and advised

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