The extensive public sector measures in support of the financial sector have been key to managing the financial crisis that erupted in mid-2007 and intensified after the bankruptcy of Lehman Brothers. This article looks into the measures taken by central banks to contain the impact of the...

This article discusses the 2001 decision of the European Commission (EC) to block the GE/Honeywell merger, after it was approved by the Antitrust Division in the United States. The authors contend that the EC's decision reflects a rekindling of the fundamental battle between economic...

The crisis since August 2007 provides an opportunity to observe the workings of good governance institutions under an extreme stress test and in radically different political settings. Institutions such as independent central banks, fiscal rules and regulatory oversight of public finances were...