Towards North American Monetary Union?: The Politics and History of Canada's Exchange Rate Regime - Hardcover

Eric Helleiner

Hardcover

ISBN 10: 0773530568 ISBN 13: 9780773530560

Publisher: McGill-Queen's University Press, 2006

Synopsis

Why Canada is unlikely to abandon the canadian dollar

About this title

Review:

"Helleiner is able through the Canadian example to make an original and nuanced argument about the historically and politically contingent logic of exchange rate policies." Jacqueline Best, political studies, University of Ottawa "Helleiner pulls together a range of sources to provide a richer tapestry of the forces influencing the setting of policy. Towards North American Monetary Union? is likely to become a standard reference." Michael Bradfield, economics, Dalhousie University

Synopsis:

Many believe that Canada's deepening economic integration with the United States and the worldwide trend towards currency blocs will eventually lead to a North American monetary union. In the first detailed analysis of Canadian exchange rate politics, Eric Helleiner challenges this view. Helleiner finds little support in the US for the concessions that would be necessary to make a North American monetary union palatable in Canada. Comparing the US Federal Reserve and the European Monetary Union, he argues that Canada would exercise far less influence within a North American monetary union than individual countries do within the European community. He also analyses the seemingly paradoxical support of Quebec sovereignists for free trade and monetary union. "Towards North American Monetary Union!" explores Canada's unusually strong commitment throughout the twentieth century to a floating exchange rate for its national currency - a commitment that Heilleiner argues is likely to endure.

About this edition

• Publisher: McGill-Queen's University Press
• Publication date: 2006
• ISBN 10: 0773530568
• ISBN 13: 9780773530560
• Binding: Hardcover
• Number of pages: 352