While the short-term effects of the COVID-19 pandemic on lives and livelihoods are well understood, we know little about the effect of the pandemic for longer-term outcomes such as corruption. We look at the historical data on political and economic crises to assess what we can learn from the...

During the Financial Crisis of 2008, executive officials pushed the boundaries of their legal powers as well as successfully demanding broad, open-ended delegations of new powers. This paper closely analyzes the legal bases of the U.S. policy responses to the financial crisis, yielding insights...

Economists often prescribe that countries seeking economic development should embrace the principle of the rule of law. I want to suggest that we listen to our own advice and apply it to our monetary and financial system. The principle of the rule of law could usefully guide us in resolving the...

The aim of this paper is to explain what corporate governance is, what the principles of corporate governance are, what standards are formally valid at a global level (including both American and European rules) and how deviant practice appeared both prior to and during the financial crisis...

This article offers a critical analysis of the role played by regional international organizations (IOs) – in particular the Organisation for Security and Cooperation in Europe, the Council of Europe, and the European Union (EU) – in coping with the problems that have been affecting the rule...

It is trite to observe that every economic crisis is unique and calls forth unique government responses. Still, it is possible to generalize from prior crises to anticipate government responses to future crises. Understanding patterns in governmental responses to crises is especially pressing in...

This paper showcases the weaknesses of EU enlargement law and demonstrates how one Member State is notable for abusing this weakness, harming the candidate countries, the EU and the institutions alike, stripping EU position of predictability and undermining EU Commission’s efforts, thus...