A CENTRAL BANK...

                                           

   Thu, Sep 19, 2013 at 8:12 PM

   Peter:)

   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

   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]