North American Currency Integration

Thomas J. Courchene and Richard G. Harris

in The Dollarization Debate

Published in print May 2003 | ISBN: 9780195155358
Published online November 2003 | e-ISBN: 9780199832989 | DOI:
North American Currency Integration

Show Summary Details


This chapter presents the case for a North American monetary union (NAMU). It focuses on three issues: the downsides of Canada’s floating exchange rate, the arguments for increased exchange rate fixity, and that the long-term objective of exchange rate fixity should be a NAMU. It argues that the NAMU should have a place in Canada’s policy and research agenda, given the emergence of currency arrangements as a supranational public good.

Keywords: Canada; North American monetary union; currency; exchange rate fixity

Chapter.  8563 words. 

Subjects: International Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.