The turmoil affecting capital markets since summer 2007 and its intensification since mid-September 2008 inflicted noticeable blows to the world economy. Although the high-risk real estate American market is believed to be the immediate source of such turmoil, these last years the euro-zone...

Research Question/Issue - The aim of this article is to analyse the different measures taken by the G7 and G20 leaders to face this crisis and to show whether such decisions represent a return to protectionism. Research Findings/Insights - We proposed the introduction of a new economic system...