Bordo, Michael D. (contributor); Gomes, Tamara (contributor) - 2009
of a floating, market-determined exchange rate. Although the IMF heavily criticized this decision, Canada’s trail … floating exchange rates, which had predicted significant volatility. In May of 1962, Canada returned to the BrettonWoods system … floating exchange rate not only had important implications for the IMF and the BrettonWoods system, but also for macroeconomic …
