The IMF and Canada: From Floating to Fixed Exchange Rates

Ayumu Sugawara ()
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Ayumu Sugawara: Tohoku University

Chapter Chapter 10 in History of the IMF, 2015, pp 207-223 from Springer

Abstract: Abstract A key element in the 1944 Articles of Agreement of the International Monetary Fund (IMF) was fixed exchange rates. However, while most IMF member countries sought to establish or maintain fixed exchange rates in the 1950s, the Canadian government placed the Canadian dollar under a flexible exchange rate regime. Canada began using a flexible rate in September 1950 and returned to a fixed rate in May 1962.

Keywords: Exchange Rate; International Monetary Fund; Current Account Deficit; Canadian Dollar; Capital Control (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-4-431-55351-9_10

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