By Pat Bradley
http://stream.publicbroadcasting.net/production/mp3/wamc/local-wamc-995413.mp3
Plattsburgh, NY – Several years ago, the director of the Center for the Study of Canada at Plattsburgh State met the Bank of Canada's Deputy Governor John Murray and the process began to bring him to the campus for their Distinguished Canadian Speaker series. Center Director Christopher Kirkey. Bank of Canada Deputy Governor John Murray is one of two deputy governors responsible for overseeing the analysis of domestic and international economic developments for monetary policy decisions. He shares responsibility for the decisions leading to the strategic direction of the bank. His presentation at SUNY Plattsburgh centered on Global Economic Coordination. He tracked how Emerging Market Economies over the past 40 years and the response, or non-response, by advanced nations have impacted the current world economy. The Development Corporation underwrites the Distinguished Canadian Speaker series. President Adore Flynn Kurtz says the companies they are attracting are integrated into the global economy. In a move to ease market strains and boost the global financial system, the Federal Reserve announced this week they will lower the interest rate on dollar swaps for European banks. The Fed is coordinating with the Bank of Canada, the European Central Bank and other international banks to enact the new pricing, which will take effect December 5. A link to the text of John Murray's full speech is available on our website - wamc.org