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With several countries having adopted the US dollar to stabilize their economy in order to ensure economic growth, and along with the successful installation of the Euro has resulted in increased debates regarding a monetary policy between Canada and the US. Several proposals, ranging from unilateral adoption of the US dollar to a full-blown monetary union have both been put forward and received support from numerous politicians and economist among both sides.
This memo will provide an overview regarding the process of adopting the US dollar by the Canadian and Mexican governments. There will be a closer look regarding the advantages and disadvantages from the perspectives of different stakeholders...
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