At present primarily governed by market forces with little regulatory interference, international financial relations have become increasingly important for global as well as national economies. Contributors to this volume consider whether this absence of regulation is wise, in the light of...

High-flying illusions on the part of the proponents and grim predictions of the sceptics characterize the controversy about Brexit. The article analyses five issues at stake for the Post-Brexit relationships between Britain, the EU and Africa with a focus on the Commonwealth Sub-Saharan Africa:...

In this paper we study systemic risk for North America and Europe. We show that banks' exposures to common risk factors are crucial for systemic risk. We come to this conclusion by first showing that relations between North American and European banks are smaller than within each region. We then...

This book offers different perspectives on China’s business and law. It aims to offer an introduction into both theoretical and practical aspects of China’s law on foreign related business affairs. This comprises economic and political background information, including China’s economic...

This book offers different perspectives on China?s business and law. It aims to offer an introduction into both theoretical and practical aspects of China?s law on foreign related business affairs. This comprises economic and political background information, including China?s economic evolution...

We study crowded markets using a symmetric model of trading among strategic informed traders. Traders may have incorrect beliefs about markets' crowdedness; this distorts traders' strategies and market prices. When traders overestimate the crowdedness, they believe markets to be less liquid and...