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Energy, the Exchange Rate, and the Economy [electronic resource]: Macroeconomic Benefits of Canada's Oil Sands Production

Author
Bayoumi, Tamim
Published
Washington : International Monetary Fund March 2006
Physical Description
26 p.
Additional Creators
Mhleisen, Martin
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Summary
Annotation This paper describes potential benefits from Canada's expanding oil sands production, higher energy exports, and further improvements in the terms of trade. Contrary to the previous Canadian exchange rate literature, this paper finds that both energy and nonenergy commodity prices have an influence on the Canadian dollar, and some upward pressure on the exchange rate would therefore be expected. Model results suggest, however, that the impact on other tradable goods exports is limited.
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ISBN
9781451863307
1451863306 (Trade Paper)
View MARC record | catkey: 44812796