@techreport{NBERw11586,
 title = "Seventy Years of Central Banking: The Bank of Canada in International Context, 1935-2005",
 author = "Michael D. Bordo and Angela Redish",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "11586",
 year = "2005",
 month = "August",
 URL = "http://www.nber.org/papers/w11586",
 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.},
}