The classical doctrine of the Lender of Last Resort, elaborated by Thornton (1802) and Bagehot (1873), asserts that the Central Bank should lend to "illiquid but solvent" banks under certain conditions. Several authors have argued that this view is now obsolete: when interbank markets are...

China is experiencing rapid economic growth, resulting in increased demand for food. Estimates are made of Chinese production and consumption of rice, wheat, corn, and soybeans to the year 2005. Results indicate that China will become a large net importer especially of wheat, corn, and soybeans....

This report evaluates the U.S. and world sugar markets for 1998-2008 by using the World Sugar Policy Simulation Model. This analysis is based on assumptions about general economic conditions, agricultural policies, population growth, weather conditions, and technological changes. Both the U.S....

The value of credit guarantee programs has recently been called into question. Credit guarantees are important marketing tools in the world wheat market, both to develop new markets and to compete in existing markets. This study examines the additionality of export credit guarantees. Empirical...

The value of credit guarantee programs has recently been called into question. Credit guarantees are important marketing tools in the world wheat market, both to develop new markets and to compete in existing markets. This study examines the additionality of export credit guarantees. Empirical...

This report evaluates the U.S. and world wheat markets for the 1997-2007 period by using the World Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, the weather, and technological change. Both the U.S. and...

The objective of this study is to evaluate the impacts of Canadian exports of durum wheat and barley to the United States on the U.S. domestic prices of these two commodities and farm income in durum wheat and barley growing regions in the United States. Major factors affecting trade flows of...