Dollarization in Canada: The Buck Stops There

RESEARCH - In a Technical Report from the Bank of Canada published August 2002, John Murray and James Powell consider the debate in Canada concerning the potential benefits of formally adopting the U.S. dollar as the national currency.

Abstract

The sharp depreciation of the Canadian dollar and the successful launch of the euro have spawned an animated debate in Canada concerning the potential benefits of formally adopting the U.S. dollar as our national currency. Some observers have suggested that

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