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Author/Editor:
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Bayoumi, Tamim ; Mühleisen, Martin
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Publication Date:
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March 01, 2006
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Electronic Access:
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Free Full text
(PDF file size is 538KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
This paper describes potential benefits from Canada's expanding oil sands production, higher energy exports, and further improvements in the terms of trade. Contrary to the previous Canadian exchange rate literature, this paper finds that both energy and nonenergy commodity prices have an influence on the Canadian dollar, and some upward pressure on the exchange rate would therefore be expected. Model results suggest, however, that the impact on other tradable goods exports is limited.
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Series:
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Working Paper No. 06/70
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Subject(s):
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Balance of payments | Canada | Trade | Exports | Commodity prices | Exchange rates | Oil production
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Author's Keyword(s):
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Balance of payments | energy trade | exchange rate models | macroeconomic modeling | Canada |
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English
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Publication Date:
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March 01, 2006
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ISBN/ISSN:
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0 / 1934-7073
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Format:
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Paper
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Stock No:
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WPIEA2006070
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Pages:
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23
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Price:
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US$15.00 )
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Please address any questions about this title to
publications@imf.org
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