ECO 1302 Lecture Notes - Lecture 80: Current Account, Canadian Dollar, United States Dollar
26 Dec 2017
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Other critics worried that the imf was serving as a bill collector for banks and other financial institutions from the united states and other rich countries. Because the banks loaned money irresponsibly, these critics argued, they deserved to lose some of it. By bailing them out of their losses, the imf simply encouraged more reckless behaviour in the future. Floating exchange rates have not proved to be stable exchange rates. No currency illustrates this point better than the experience of the canadian dollar vis- -vis the u. s. dollar since the 1970s. Since the 1990s, canada has become a very significant energy net exporter in the context of the north american energy market. The ca(cid:374)adia(cid:374) dollar has (cid:271)e(cid:272)o(cid:373)e a(cid:374) (cid:862)e(cid:374)ergy(cid:863) (cid:272)urre(cid:374)(cid:272)y, (cid:373)o(cid:448)i(cid:374)g so(cid:373)e(cid:449)hat i(cid:374) ta(cid:374)de(cid:373) (cid:449)ith oil prices as canada has assumed an ever-increasing role as an exporter of oil and gas to the.
