The ongoing industrialization of US agriculture features striking changes in the organization of markets and firms, including a noticeable movement toward larger firms and greater product differentiation among both farms and processors, as well as shifts away from the use of spot markets to...

Theoretical and empirical research has shown that a sound and effective financial system is critical for economic development and growth. The financial system, however, is also subject to boom and bust cycles and fragility, with negative repercussions for the real economy. Further, the political...

Canada needs a policy framework and new governance structure beyond what is in place to reduce the potential for future financial crises. The authors make the case for establishing a formal committee with a mandate to identify potential systemic risks and to act promptly before they materialize....

The Global Financial Crisis has shown that the international financial system is vulnerable to breakdown. The financial trilemma demonstrates that financial stability, international banking and national financial supervision cannot be combined. National supervisors force international banks to...

This paper considers the debate about the "macro-prudential regulation" of finance in the context of a broader view of the relation of finance to the real economy. Five ideas are central to the argument. The first idea is that the two dominant families of ideas about finance and its regulation...

This special issue consists of selected papers from the 9th International Conference of the Financial Engineering and Banking Society (FEBS) organized by the Prague University of Economics and Business, Prague, Czech Republic and Audencia Business School, Nantes, France. The conference took...

The authors use simulations within the BoC-GEM-FIN, the Bank of Canada's version of the Global Economy Model with financial frictions in both the demand and supply sides of the credit market, to investigate the macroeconomic implications of changing bank regulations on the Canadian economy....

Starting in June 2014, the European Central Bank (ECB) stepped up its monetary accommodation in order to counter a too prolonged period of low inflation in the euro area. This article offers a narrative of the monetary policy measures taken up to December 2016 and a review of the effects of...

Many quantitative firms have suffered substantial losses as a result of the COVID-19 selloff. In this note, we highlight three lessons that quantitative researchers could learn from this crisis. First, researchers should develop more nowcasting methods, and pay less attention to forecasts....

The remarkable economic growth momentum in emerging and growth-leading economies (EAGLEs) raises concern about a sustainable global environment. Prior literature indicates the significant role of financial development (FD) in striking a win-win balance between economic growth and environmental...