Argues that the BoC has maintained a certain amount of financial independence from the economy of the U.S. and that this independence has helped shield Canada from the global recession.
Written in 2002; 900 words; 4 sources; $ 35.95
Paper Summary:
While it is true that the fiscal health of the United States, in particular, has a strong national effect upon that of Canada, it is also true that Canada's central bank has been able to sustain a particular level of independence from the world markets that have, in great part, shielded it from some of the same financial damage being felt in the States and in Germany. It has been asserted that the Bank of Canada's financial behaviors, actions and decisions are influenced by the FED's financial behaviors and that these influences are due to the strong economic ties between Canada and the United States. This is certainly a statement which bears out through research and it is the purpose of this paper to demonstrate that it is so.
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