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The main strength of today's international monetary system – its flexibility and adaptability to the different needs of its users – can also become its weakness, as it may contribute to unsustainable growth models and imbalances. The global financial crisis has shown that the system cannot...
Persistent link: https://www.econbiz.de/10013069527
This paper will propose a plan to reform international finance – the World Financial Authority (WFA) Plan. Under such a … effective, regaining traction and preventing contagion. A central instrument to this end is the creation of the World Financial …
Persistent link: https://www.econbiz.de/10013095450
-making bodies, the present article analyses the foundations for a new, evidence-based theory to explain the resilience of private …
Persistent link: https://www.econbiz.de/10012794045
Persistent link: https://www.econbiz.de/10009577891
Reforms of financial regulation after the crisis of 2007-2009 raise the question of what is the relation between financial regulators and competition authorities. Should competition authorities play a role in financial regulation? Should they co-operate with financial regulators? Or should they...
Persistent link: https://www.econbiz.de/10011879119
Against the background of growing discontent over excessive leniency of US and EU competition policy, this article argues that the policy displays characteristics corresponding to those that brought about the social capture of financial policy co-responsible for the late 2000s global crisis. The...
Persistent link: https://www.econbiz.de/10013238761
This introductory essay for a symposium on antitrust enforcement during economic crises provides a brief historical … overview of the failures of antitrust enforcement during major economic crises and wars in the first half of the twentieth …
Persistent link: https://www.econbiz.de/10014198241
This article examines the role of antitrust in the causes and consequences of the crisis. If market turmoil and … financial upheaval can shatter the groundwork of competitive markets that antitrust seeks to protect, the shockwaves are sure to … be felt in the intellectual foundations of competition policy. Section 2 considers whether antitrust contributed to the …
Persistent link: https://www.econbiz.de/10013061192
' (TBTF), which to those who associate antitrust with size, seems to bring antitrust potentially into the picture. This paper … will offer a guide to the antitrust community that will cover the U.S. financial sector, financial regulation, and the … debacle and subsequent financial crisis. The tensions that can arise between financial regulation and antitrust will be …
Persistent link: https://www.econbiz.de/10013158068
representing the past rather than the future of antitrust. Its authors completely embraced a theory of competition and industrial … tested theories of industrial organization. The theory represented the high point of structuralism in industrial organization … important antitrust scholars - namely Richard A. Posner, Robert H. Bork, and William F. Baxter …
Persistent link: https://www.econbiz.de/10012718956