The unfolding market crisis reveals evasions of regulatory controls and frauds that were less visible in buoyant markets. International networking of regulators and those they regulated resulted in convergence of regulatory standards-and creation of common ‘blind spots'-corresponding to...

This paper begins by arguing that the 2007/8 credit crunch does not require a fundamental re-evaluation of monetary policy. The crunch occurred because regulation was too lax, and we need to develop new and more effective tools of regulatory control. To focus on current account imbalances or...

During 2000-2007, Estonia was among the fastest growing emerging market economies, but in late 2008 entered a deep recession. This paper examines shocks, institutions, and policies that have made Estonia's boom-bust cycle so severe. It finds that an open capital account, the prospect for EU...

Much of the work in business studies and responsibility has focused on the concept of corporate social responsibility (CSR). For a time, this was very much about the relationship of business to the community. This has developed further into the so-called triple bottom-line approach stressing the...