NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s:(Hard) Lessons Learned for Monetary Policy in a Small Open Economy

Michael D. Bordo, Ali Dib, Lawrence Schembri

NBER Working Paper No. 13605
Issued in November 2007

---- Acknowledgements -----

The authors would like to thank Robert Lafrance, James Powell, John Murray and Anna Schwartz for their helpful comments as well as seminar participants at the 2005 CEA conference in Hamilton, at the 2006 SOEGW conference in Rimini, at Carleton University, at Ryerson Uiversity, and at the Bank of Canada. We are grateful as well for the research assistance of Ryan Felushko, Tamara Gomes, Taha Jamal, André Poudrier and Jonathan Hoddenbagh. The views expressed in this paper are those of the authors and not of the Bank of Canada or the National Bureau of Economic Research.

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