Centre for Central Banking Studies, Bank of England, 4 (29). Issa, R., R. Lafrance and J. Murray. 2008. “The Turning Black Tide: Energy Prices and the Canadian Dollar.” Canadian Journal of Economics. 41 (3): 737–759. Laidler, D. 1999. “The Exchange Rate Regime and Canada’s Monetary Order.” Bank of Canada Staff Working Paper No. 1999–7. Mundell, R. A. 1961.
“A Theory of Optimum Currency Areas.” American Economic Review 51 (4): 657–665. Murchison, S. and A. Rennison. 2006. “ToTEM: The Bank of Canada’s New Quarterly Projection Model.” Bank of Canada Technical Report No. 97. Murray, J. 2000. “Why Canada needs a flexible exchange rate.” The North American Journal of Economics and Finance 11(1):41–60 Obstfeld, M., J. D. Ostry and M. S. Qureshi. 2019.