1. What political realities might explain the creation of the Bank of Canada in 1934?
2. In what ways can the government influence the conduct of monetary policy?
3. Who is responsible for monetary policy in Canada?
4. Do you think that the seven-year renewable term for the governor of the Bank of Canada effectively insulates the Bank from political pressure?
5. How did the Coyne Affair motivate the current system of joint responsibility for monetary policy?
6. Over time, which entities have gained power in the conduct of monetary policy in Canada and which have lost power? Why do you think this has happened?