[Download] "Round Table on a North American Currency." by Canadian Parliamentary Review ~ eBook PDF Kindle ePub Free

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eBook details

• Title: Round Table on a North American Currency.
• Author : Canadian Parliamentary Review
• Release Date : January 22, 1999
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 261 KB

Description

On March 25 the Senate Committee on Banking Trade and Commerce invited five economist to give their views on the prospects for a Common Currency in North America. Professor Herb Grubel is a former Member of Parliament and presently a professor in the Department of Economics at Simon Fraser University. Thomas Courchene is a professor in the Department of Economics, Queen's University. John W. Crow is an Economic Consultant and the Former Governor of the Bank of Canada. Jack Carr is a professor in the Department of Economics, University of Toronto. Bernard Wolf is a professor of economics in the Schulich School of Business at York University. The following extracts are based on their testimony to the Committee. For the entire discussion see www.parl.gc.ca/sencom.asp. Herb Grubel: Let us suppose that on January 1,2000, all Canadian, U.S. and Mexican prices, wages, assets and liabilities are converted into a new currency, which might be called the "Amero". With the U.S. dollar set equal to one amero, the Canadian conversion might be .5 amero for every Canadian dollar. The precise conversion rate would be chosen so that Canada's international competitiveness remains unchanged.

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