Why are there so many crises in the world? Is it true that the global system is today riskier and more dangerous than in past decades? Do we have any tools at our disposal to bring these problems under control, to reduce the global system's proneness to instability? These are the tantalizing...

Transatlantic policy coordination with sticky labour markets : the reality of the real side / A.J. Hughes Hallett and Yue Ma -- Discussion / Nouriel Roubini -- Foreign exchange intervention and international policy coordination : comparing the G3 and EMS experience / Axel A. Weber -- Discussion...