Canada's dollar - to fix or not -Friedman, Mundell

In an exclusive e-mail exchange arranged by the Financial Post, Nobel Prize-winning economists Milton Friedman and Robert Mundell debate the future of the world currency system, from the euro to the Canadian dollar. This is the second installment in the week-long series.

ROBERT MUNDELL: Two countries can have a common currency or maintain fixed exchange rates, however, only if they are willing to accept a common rate of inflation. If inflation preferences differ, they should have separate

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