Crow studied at Oxford University, graduating in Philosophy, Politics and Economics in 1961.
Mr. Crow then joined the International Monetary Fund, working initially on Latin America and later on North America.
Mr. Crow joined the Research Department of the Bank of Canada in 1973 as Deputy Chief and was subsequently appointed to more senior positions. In 1987 he was appointed Governor for a term of seven years, which expired in January, 1994. In 1993 he was elected Chair of the central bank governors of the Group of Ten countries, a position he relinquished when his term as Governor ended.
In 1999 Mr. Crow chaired a committee of international experts that was commissioned by the Executive Board of the International Monetary Fund to evaluate IMF bilateral, regional, and multilateral surveillance activities, and in 2002 he took part in a high level international mission to advise on monetary problems in Argentina. In 2003 he chaired an international task force commissioned by the International Federation of Accountants to examine the loss of credibility in financial reporting and how to restore it.
Mr. Crow is the author (2002) of Making Money: An Insider’s Perspective on Finance, Politics, and Canada’s Central Bank.
In July 2009 he was appointed an Officer of the Order of Canada.