The casino image gone mad -- Innovations -- Political underpinnings : the US-Japan axis -- Political underpinnings : disunited Europe -- Wall Street and other casinos -- The debtors -- Finance and crime -- Managing mad money : national systems -- Our international guardians -- So what?

The paper analyzes the effects of increasing capital market integration on production and market structures, trade and capital flows as well as national and global welfare. In order to facilitate the analysis of the integration process, three stages of capital market integration are defined....

Preface -- The post-crisis regulatory landscape : an overview -- Regulatory issues in the aftermath of the crisis -- Financial regulation as a response to corruption and fraud -- The war on regulation : REH, WC, GM and all that -- The efficient market hypothesis as a weapon of mass destruction...