Show simple item record Scott, David R. Eva, Nicole 2017-02-28T23:06:07Z 2017-02-28T23:06:07Z 2016
dc.identifier.citation Scott, D. R., & Eva. N. (2016). The Canadian dollar versus the collection: How Canadian university libraries are coping. Partnership: the Canadian Journal of Library and Information Practice and Research, 11(2). doi: en_US
dc.description Sherpa Romeo green journal; open access en_US
dc.description.abstract Through 2015 and into 2016, Canadian academic libraries’ collections budgets were severely strained due to the steady decline of the CAD/USD exchange rate. As most subscription fees for electronic resources (e-resources) are billed in US dollars, the falling value of the Canadian dollar significantly reduced libraries’ purchasing power. This study is based on a survey of the English-speaking member institutions of the Canadian Research Knowledge Network (CRKN), a Canadian collections consortium, carried out to determine the impact of the poor exchange rate on collection development and how libraries are coping with new budgetary pressures. Librarians from 33 universities provided survey responses. Of these, 22 participated in telephone interviews to further discuss concerns and ideas regarding the current crisis. The study finds that all participant libraries have taken actions to address the budgetary shortfall, including cancelling serial and database subscriptions, negotiating lower costs with vendors, purchasing fewer monographs, and soliciting additional funding from their institutions. While the financial strain resulting from exchange rate fluctuations is indeed a significant problem for which solutions should be sought, several respondents stressed that it only exacerbates the ongoing inflation of e-resource subscriptions. This deeper and enduring issue, which is expected to outlast the present exchange rate crisis, is enabled by an inherently flawed scholarly publishing system. Thus, librarians engaged in discussions with their wider academic communities concerning collections budgets should not focus exclusively on the exchange rate but should leverage the opportunity to explore alternatives to the current scholarly communication model. If solutions exist, they will likely only be achieved through the support of faculty and university administrators, as well as cooperation among post-secondary institutions and library consortia. en_US
dc.language.iso en_US en_US
dc.publisher The Partnership. Provincial and Territorial Library Association of Canada en_US
dc.subject Academic libraries en_US
dc.subject Collection development en_US
dc.subject Serials en_US
dc.subject Electronic resources en_US
dc.subject Exchange rates en_US
dc.subject Academic libraries -- Canada -- Finance en_US
dc.subject Canadian Research Knowledge Network (CRKN) en_US
dc.title The Canadian dollar versus the collection: How Canadian university libraries are coping en_US
dc.type Article en_US

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