Speech by David Dodge, Bank of Canada, 5 Oct

SPEECH - In a speech on 'Dollarization and North American Integration', Dodge discusses the benefits and costs of a floating exchange rate versus dollarization, given the current conditions, and the implications for the floating exchange rate should the two economies become more integrated. He concludes: "Canada derives a significant benefit from having a floating currency - a benefit that far outweighs the costs. This system helps the economy to adjust to economic shocks, and allows us to have

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