Since July 2007 the world economy has experienced a severe financial crisis originating in the U.S. housing market. The crisis has subsequently spread to the financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises...

This paper traces the history of China's reform of its monetary policy framework and analyzes its success and problems. In the context of financial marketization and the failure of the quantity-targeting framework, the People's Bank of China transformed its monetary policy framework toward one...

Unprecedented challenges to agriculture — including population growth, climate change, energy scarcity, natural resources degradation and market globalization — underscore the need to rethink policies and institutions for crop production intensification. Models used for intensification in...