Monday, 20 January 2014



   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 would this have impacted
   the lives of ordinary Canadians?

   Thu, Sep 19, 2013 at 9:32 PM

   Dear Dan,

   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]

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