In the summer of 2013, just as a small town in Quebec was decimated due to a train derailment, heavy rainfall prompted thirty Alberta communities to declare a s

The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial s

DISCLAIMER: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herei

The Treasury Committee considers the issue of the existence of a type of financial firm, or firms which are "too important to fail" - so integral to the financi

Reprint. Originally published: c2012. With a new afterword.