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Seventy Years of Central Banking: The Bank of Canada in International Context, 1935-2005

Michael Bordo () and Angela Redish ()

No 11586, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: On the seventieth birthday of the Bank of Canada, we evaluate the Bank's contribution to monetary policy in an international context. We focus on: the reasons for the establishment of the central bank in 1935, its unique record of floating in a sea of fixed currencies under Bretton Woods; its experience with the Great Inflation and monetarism; its pioneering adoption of inflation targeting; and recent innovations in the payments and the phasing out of reserve requirements.

JEL-codes: E58 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-fmk, nep-his, nep-mac and nep-mon
Date: 2005-08
Note: DAE ME
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