Rising above many formidable challenges, Rasminsky made a name for himself at the Bank of Canada, at the Foreign Exchange Control Board, and later at the international conferences that helped restructure the world economy. The heart of this book is devoted to his increasingly important work at the Bank from 1940 on, his time as governor, and the role the Bank played in Canada's economic development. Bruce Muirhead has produced a work that is the product of thorough research in the archives of Geneva, London, Ottawa, Washington, and elsewhere. As well, he interviewed many principals in the events that he describes and had direct access to Rasminsky's personal papers and the subject himself.
This is a sound, scholarly treatment of a remarkable individual. Against the Odds will do much to restore the Bank of Canada as an institution to its rightful place at the centre of scholarly treatments of financial questions and the international negotiations surrounding them.