Economists need not only to have a clear idea of which instruments are most efficient and how their impacts can be evaluated ex post. Economists also need to understand why policymakers and voters sometimes oppose the use of such instruments. This is the focus of the CESifo Workshop on...

The reform process triggered by the recent financial crisis is gradually making progress. Advances are underway in the area of banking regulation, accounting standards, and market infrastructure (e.g. clearing houses for derivatives, etc.). A new framework for macroprudential policy is also...