Thu, Sep 19, 2013 at 8:12 PM
If RB had not pursued the idea of Canada being able
to do things like "settle its own bank rate" - if the
central bank idea did not become a reality till well
after RB's tenure...how would this have impacted
the lives of ordinary Canadians?
Thu, Sep 19, 2013 at 9:32 PM
In re bank rate: prior to the Bank Of Canada, we
had a very inelastic monetary system.
See Fullerton !
Fullerton, Douglas H. GRAHAM TOWERS AND HIS
TIMES: A BIOGRAPHY. Toronto:
McClelland & Stewart 1986.
[From the Bibliography of Peter Waite's book]