Milton Friedman once predicted that advances in scientific economics would resolve debates about whether raising the minimum wage is good policy. Decades later, Friedman's prediction has not come true. In Where Economics Went Wrong, David Colander and Craig Freedman argue that it never will....

Freedman, Craig: When change is not reform : transforming the Japanese economy Pt. 1: Necessary change or shameless surrender? Economic reform in Japan Pt. 2: The fine art of financial incompetence Pt. 3: Japanese firms : happy families or anonymous corporate structures? Pt. 4: Producing a more...

This paper first describes the Bank of Canada’s approach to the design of large-value clearing and settlement systems. It then examines the way the Bank has operated under the Payment Clearing and Settlement Act, passed by Parliament in July 1996. Through this act, the Bank was assigned...

This paper examines the major changes in the Canadian banking system since the Second World War, with special attention paid to the differences between Canadian and US developments over this period. An important difference between the countries is the nationwide branch banking arrangements in...