The G20 acted as a crisis manager when global financial markets were under threat in 2008 and 2009, and contributed to a positive outcome. However since then, in the more routine work of crisis prevention, its performance has been less convincing at best, and criticism of its effectiveness has...

Jean Pisani-Ferry discusses the development of globalisation during the last decade and the challenges ahead. The speed and magnitude of the transformation affecting the world economy are larger than initially envisaged, while domestic policy reforms and redistribution have often been...

The ongoing financial crisis has revived the longstanding debate about fair value accounting. This policy contribution by Nicolas Véron argues that in times of market disruption, no accounting standards could lead to consensual outcomes, and that fair value remains better than proposed...

This policy contribution by Bruno von Pottelsberghe argues that the number of priority filings should be used as a patent-based measure of Europe's innovation performance. It also identifies several policies that may affect the R&D-patent relationship.

Nicolas Véron comments on the proposal for governance reform ('constitution review') published in May 2008 by the IASC Foundation, the private-sector body which oversees the setting of International Financial Reporting Standards (IFRS). He emphasizes the unprecedented nature of this global...

André Sapir puts forward some comments and recommendations about the Lisbon Methodology (LIME) Working Group. This Policy Contribution was presented at the first meeting of LIME'S Working Group on 1 February 2007.

Nicolas Véron responds to a consultation by the UK Financial Reporting Council and makes recommendations on how to address the audit market problem' resulting from the presence of only four international audit networks. Eventhough serious problems would be created by the disappearance of one of...