INTRODUCTION TO INTERNATIONAL FINANCE,
AND MONETARY POLICY IN AN OPEN ECONOMY
-International financial flows are of GREAT
IMPORTANCE to the Canadian economy. Canada is
a very open economy financially, as well as in terms
of trade in goods and services.
7 banks dominate in Canada, which means Canada is a less open market.
- Many foreign exchange markets in Canada, large number of currencies traded.
- Euro Euro zone, have 18 members. They adopted the same currency, EURO.
- Foreign excha