Background
Cooper was born in Baltimore, Maryland.
Cooper was born in Baltimore, Maryland.
University of Pittsburgh.
Cooper is currently Chief Economist for Dominion Lending Centres. She was Executive Vice-President and Chief Economist of BMO Financial Group, with responsibilities for economic forecasting and risk assessment. She comments regularly in the press on financial issues.
She earned a Bachelor of Arts from Goucher College in 1972 and an Master of Arts and Doctor of Philosophy from the University of Pittsburgh in 1976 and 1978, respectively.
From 1977 to 1982 she worked as an economist for the Federal Reserve Board, after which she joined the Federal National Mortgage Association (Fannie Mae) as Director of Financial Economics. Burns Fry was merged into BMO Capital Markets in 1994.
In 2006, Sherry was appointed to her current position as Chief Economist of BMO Financial Group, which includes BMO Harris Bank in the United States. On December 10, 2012, it was announced that Sherry Cooper would be retiring on January 30 as BMO Chief Economist.
Cooper is now married to Toronto businessman Peter J. Cooper.
Cooper is best known for her oft-repeated prediction in the late 1990s that the devaluation of the Canadian dollar was an inexorable long-term trend, and that a Canada-United States. currency union (which she describes as "dollarization") should be attempted immediately because the conversion rate would only be worse in future. Canadians do not want to lose an independent Bank of Canada, and the United States. probably wouldn’t want to incorporate Canadian considerations in their deliberations," but argued that a united currency would lead to a much simpler and more convenient world for North Americans.
After the Canadian dollar achieved parity with the United States. dollar on September 20, 2007, Cooper conceded that "dollarization in the real world is political. In a January 2013 interview on Canadian Broadcasting Company Radio"s The Current she made the statement that the financial crisis of 2008 would not have occurred "if the world had been full of female traders," and attributes the mismanagement to testosterone.
By July 2008, her mindset had changed on the matter and she stated in a note to institutional investors that, "The world may realize that it is no longer reasonable for the (United States) dollar to be the anchor currency.".
Cooper is a member of the Economic Advisory Committee of the American Bankers Association, a group of twelve bank economists that meet to provide perspectives on the United States. and global economies to the Federal Reserve Board, United States. Congress and the executive branch. In the same interview she also suggested that the members of the financial sector who were responsible were equally harmed by the crisis as others, such as people who lost their homes.