EC223 Lecture Notes - Lecture 9: Gerald Bouey, Gordon Thiessen, Canada Act 1982
Document Summary
Origins and structure of the bank of canada. The economic problems of the great depression and the need to control the quantity of money when the gold standard collapsed, led the government to establish the bank of canada. On march 11, 2010, the bank of canada celebrated its 75th anniversary. Governors of the bank of canada (mishkin & serletis, 2011, p. 383) Since the bank"s inception, there have been eight governors: The bank of canada has four main functions: (1) bank note issue, (2) government debt and asset management services, (3) central banking services, (4) monetary policy. Each of these functions will be described below: bank note issue. The bank of canada is the only organization authorized to issue canadian bank notes. 2013 the bank of canada began its issue of new polymer notes. Specific denominations are or will be in circulation at different times. That is, the was in circulation beginning november 2011, the bill in.
