Brexit is not only a historical chapter of the British — EU relationship, but it also carries immense challenges for fi nancial market stability in the short and medium run for the 28 member states of the European Union. The scale of these challenges depends heavily on the outcome of EU-UK...

In the last issue of Intereconomics, a first article by the present authors looked into the measures that central banks have taken in support of the financial sector in an effort to mitigate the effects of the financial crisis. This second article describes the measures taken by governments to...

The extensive public sector measures in support of the financial sector have been key to managing the financial crisis that erupted in mid-2007 and intensified after the bankruptcy of Lehman Brothers. This article looks into the measures taken by central banks to contain the impact of the...

The UN Commission on Transnational Corporations which was appointed by ECOSOC will have its next meeting in May. An Intergovernmental Working Group will have held ten sessions by then and present a draft Code of Conduct dealing with transnational corporations. (For a review of the state of...

While voluntary behavior and social responsibility have so far played a peripheral role in multinational corporations' global strategies, the author argues that the non-market social responsibility dimension will have to be incorporated systematically in management’s forward planning as a...

In the United Nations an Intergovernmental Working Group tries to cope with the phenomenon of transnational corporations by working on a code of conduct. Hartmut Scheele, who participated in this work, reviews the results the Group has achieved up to now.