摘要：Canadian academics, politicians and other interested
observers have spent a great deal of time
during the past few months debating the relative
merits of fixed versus flexible exchange rates. The
reason for this sudden interest can be traced, in
part, to a paper published recently by professors
Thomas Courchene and Richard Harris (see article
on p.5) in which they suggest Canada should
peg its currency to the US$ and eventually establish
a formal monetary union with the United
States.1 While the timing of the proposal might
seem surprising, given the serious problems several
countries have had with fixed exchange rates
over the past two years, it has nevertheless attracted
considerable attention.
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