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- W2890696352 abstract "In 1929 the Canadian government floated the exchange rate, which stayed at parity with sterling until 1931, when the Canadian dollar appreciated with respect to sterling and depreciated with respect to the u.s. dollar. This paper uses Barro and Gordon's reputation theory to explain the stability of the Canadian dollar before 1931 and the subsequent depre- ciation/appreciation. Econometric analysis is then used to support the argument that between 1931 and 1933 the level of the exchange rate was determined by expectations of a return to parity with either sterling or the u.s. dollar." @default.
- W2890696352 created "2018-09-27" @default.
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- W2890696352 date "1987-11-01" @default.
- W2890696352 modified "2023-10-18" @default.
- W2890696352 title "Credible Commitment and Exchange Rate Stability: Canada's Interwar Experience" @default.
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- W2890696352 doi "https://doi.org/10.3386/w2431" @default.
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