There is evidence of mounting illiberal inclinations in the industrialized world, in democratic societies; an "inward-looking" syndrome (rising nationalism) is also taking place. Are they to be linked with temporary drivers in the “extraordinary times” we are living through, or do they have...

This paper focuses on roots of strain in the European Monetary Union (EMU). It argues that there is need for a thorough reform of the governance structure of the Union in conjunction with radical changes in the regulation and supervision of financial markets. Financial intermediation has gone...