When prudential supervision was put in the hands of the European Central Bank (ECB), it was the political understanding that the ECB should follow a policy of meticulous separation between monetary policy and financial supervision. However, the financial crisis showed that monetary policy and...

In his seminal 1944 book “The Great Transformation”, Polanyi describes the rise and fall of liberal capitalism during the long 19th century. Many have realized that Polanyi has a lot to tell about the European Union in the aftermath of the financial crisis. The paper begins with an overview...

In his seminal 1944 book “The Great Transformation”, Polanyi describes the rise and fall of liberal capitalism during the long 19th century. Many have realized that Polanyi has a lot to tell about the European Union in the aftermath of the financial crisis. The paper begins with an overview...