GERALD KEITH BOUEY - CANADA

• Document Type: FOIA
• Collection: FOIA Collection
• Document Number (FOIA) /ESDN (CREST): 06644860
• Release Decision: RIPPUB
• Original Classification: U
• Document Page Count: 1
• Document Creation Date: December 28, 2022
• Document Release Date: August 1, 2018
• Case Number: F-2017-01113
• Publication Date: September 9, 1980

Approved for Release: 2018/06/28 C06644860
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Gerald Keith BOUEY
Governor, Bank of Canada
(since February 1973)
Addressed (as:
Mr. Bouey
An economist who has
spent more than 30 years
with the Bank of Canada,
Gerald Bouey began his
second seven-year term as
governor of the bank in
February 1980. He is
responsible for over-
seeing the regulation of
credit and currency and
for advising the govern-
ment on financial and economic policy issues. Bouey
commands great respect in the financialbcommunity.
He handles parliamentary hearings with considerable
skill and tact. He has said that his job is to keep
the bank out of politics, and he has made it clear
that he would resign if the government were to over-
rule him on important monetary policy.
CANADA
0
A fiscal conservative, Bouey has said that
Canada must control inflation in order to achieve
sustained economic growth. He sees most of Canada's
problems (unemployment, sluggish growth and current
account deficits) as rooted primarily in infla-
tion. Bouey opposes creating employment by over-
stimulating the economy; in his opinion, expansion-
ary monetary policies would only generate higher
inflation. Instead, he favors gradually lowering
the rate of growth of the money supply. Criticized
for raising interest rates, Bouey has said that high
rates are necessary to fight inflation, defend the
Canadian dollar and finance the current account
deficit.
Bouey belongs to the Canadian Economic Associa-
tion and is a member of the board of directors of
the Federal Business .Development Bank. He is also a
director of the Export Development Corporation and
the Canada Deposit Insurance Corporation. Self-
effacing almost to a fault, Bouey does not court
publicity. His interests include golf and cross-
country skiing. Bouev, 60. js married and has a son
and a daughter.
CR M 80-14573
9 September 1980
NW 49949 DocId:32665796 Page 9 .
Approved for Release: 2018/06/28 C06644860