Download or read book From Fixing to Monetary Union written by Thomas J. Courchene and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this commentary is to examine the following propositions: that a floating exchange rate is not serving Canada well within the progressively integrated North American Free Trade Agreement environment; that there are arguments for greater fixity in exchange rates; and that the longer-term objective of greater exchange rate fixity should be a common North American currency. The commentary also looks at some of the alternative approaches along the continuum from floating rates to monetary union, including pegged rates, fixed rates, currency boards, and dollarization.