Helleiner finds little support in the U.S. for the concessions that would be necessary to make a North American monetary union palatable in Canada. Comparing the U.S. Federal Reserve and the European Monetary Union, he argues that the influence of Canada within a North American monetary union...

Many believe that Canada's deepening economic integration with the United States and the worldwide trend towards currency blocs will eventually lead to a North American monetary union. In the first detailed analysis of Canadian exchange rate politics, Eric Helleiner challenges this view.

The Future of the Dollar -- Contents -- List of Figures and Tables -- Preface -- Contributors -- 1. The Future of the Dollar: Whither the Key Currency? -- 2. The Enduring International Preeminence of the Dollar -- 3. U.S. Current Account Deficits and the Dollar Standard's Sustainability: A...