Nicolas Véron argues rating agencies have failed the marketplace in the run-up to the crisis, as their risk assessment processes have been found wanting on a number of counts. It is not clear that conflicts of interests have been the root cause of this serious failure, even if such conflicts...

Appropriate policies to address the problem of toxic assets should act as automatic stabilizers, so that institutions who toxic assets turn out to be worthless receive more public support than institutions whose toxic assets have value. Furthermore, such policies should be frugal in their...

Der Untertitel sagt treffend, worum es im neuen Buch des ehemaligen IBM-Deutschland-Chefs und Präsidenten des BDI und der Leibniz-Gemeinschaft geht, um das Versagen von Wirtschaft und Politik. "Henkels kompromisslose Analyse zeigt, dass die herkömmlichen Erklärungsmuster nicht greifen:...