ADMS 1010 Lecture Notes - European Association Of Science Editors, Canadian Dollar, Louis Rasminsky

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Alison Kemper

Document Summary

A: coyne"s goal was to encourage overall economic growth on a sound and facilitate economic development with a view to increasing employment opportunities and eliminating unemployment or reducing it to the lowest possible level. Coyne concerned about low savings rate and high rate on foreign investment. While coyne wanted to introduce minimum 15 percent liquidity ratio. A: pm thought the rates were too high. However, fm thinks that this is no default of coyne. T- bill was set in the free market, not coyne. Coyne argued that the government was overspending and bank of canada could not achieve economic stability. Bank of canada was blamed (2) for: importing too much capital but not saving enough. A: when saving economic regulation, monetary policy is the best tool and was best used as one ingredient in a mix of gov policy fiscal policy and debt management.