This paper examines monetary regime switching in Canada and the United States and the implications of regime switching …

The bilateral trade flows between Canada and the U.S. are the world's largest and have grown rapidly in the 1990s. Are … explain much of the substantial trade between Canada and the U.S., Canada's merchandise trade exhibits a significant U.S. bias …. The model also reveals that trade between Canada's provinces is 31 times that between a province and a country other than …

In the late 1980s, Canada's provinces traded 20 times more with one another than with U.S. states of comparable size … and distance. In other words, the Canada-U.S. border exerted a strong effect on the pattern of Canada's continental trade … patterns. Since then, globalization and the formation of the Canada-U.S. and North American free trade areas could have reduced …