Canada's Longworth on economic development

In the speech 'The crucial contribution of the financial system and monetary policy to economic development' given on 5 May David Longworth of the Bank of Canada emphasised that behind the abstract concept of financial system efficiency lies a very important factor for the competitiveness of the Canadian economy.

"What can be done to improve things? I submit to you that our financial system does not need a comprehensive, dramatic reform. There is, however, a genuine need for tenacious efforts

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