GERALD KEITH BOUEY - CANADA

• Document Type: FOIA
• Collection: FOIA Collection
• Document Number (FOIA) /ESDN (CREST): 06751452
• Release Decision: RIFPUB
• 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: July 8, 1981

Approved for Release: 2018/06/28 C06751452
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MICROF &MED
Gerald Keith BOUEY
Governor, Bank of. Canada
(since February 1973)
Addressed as:
Mr. Bouey
An economist who has
spent 33 years with the
Bank of Canada, Gerald
Bouey began his second
seven-year term as gover-
nor of the bank in Febru-
ary 1980. He is respon-
sible for overseeing the
regulation of credit and
currency and for advising
the government on finan-
cial and economic policy issues. He has been pub-
licly criticized for being excessively tied to mone-
tarism, hard money, and the policies of the US Fed-
eral Reserve, but both he and his policies are popu-
lar with bankers and world money men.
.rAMADA
0
A fiscal conservative, Bouey has said that Can-
ada must control inflation in order to achieve sus-
tained economic growth. He claims that most of Can-
ada's problems (unemployment, sluggish growth and
current account deficits) are rooted primarily in
inflation. Bouey opposes creating employment by
overstimulating �the economy; instead, he has called
for gradually lowering the rate of growth of the
money supply. Criticized for raising interest
rates, Bouey has said that high rates are necessary
to reduce inflation and to support the Canadian dol-
lar exchange rate.
Bouey, the son of a Saskatchewan grain elevator
operator, grew up during the depression. The first
time he ever entered a bank was when he went to work
as a ledger clerk for the Royal Bank of Canada at
age 16. After serving in World War II, Bouey at-
tended Queen's University in Kingston, thanks to the
free tuition granted to veterans. He earned a B.A.
degree with honors in economics in 1948 and then
went to work in the Research Department of the Bank
of Canada. Bouey, 61, is married and has a son and
a daughter. His interests include golf and cross-
country skiing.
CR M 81-13095
8 July 1981
MICRO
ONLY
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Approved
Approved for Release: 2018/06/28 C06751452