This monograph evaluates the effectiveness of Canada's policies aimed at promoting the global competitiveness of its industries in light of policies with comparable aims adopted in two other leading industrialized nations, the United Kingdom and Germany. The concept of national competitiveness...

"Banks on the Brink explains why some countries are more prone to systemic bank failures than others. We focus on the political decisions that shape the structure of financial markets and the international economic forces that make some countries especially vulnerable to financial instability....

McCallum (1994a) proposes a monetary rule where policymakers have some tendency to resist rapid changes in exchange rates to explain the forward premium puzzle. We estimate this monetary policy reaction function within the framework of an affine term structure model to find that, contrary to...