A third criticism of asset purchases is that they might be used as an instrument to obtain competitive advantages over other countries and, in turn, give rise to “currency wars”, with obvious detrimental effects for the global economy. These worries are misplaced.
Mark Carney: Opening Statement before the House of Commons Standing Committee on Finance Opening statement by Mr Mark Carney, Governor of the Bank of Canada and Chairman of the Financial Stability Board, before the House of Commons Standing Committee on Finance, Ottawa, Ontario, 30 October 2012. *  *  *  Good afternoon.