Introduction / Andreas Dombret, Patrick S. Kenadjian -- Cutting the gordian knot or splitting hairs : the debate about breaking up the banks / Andreas Dombret -- "What kind of financial system do we want? : a global private sector perspective" / Paul Achleitner -- Rescue by regulation? Key...

Welfare effects of cross-border cooperation are well understood today. The European Union provides clear evidence of how successful economic integration can also pave the way to a deeper political and social community. However, the financial crisis that began in 2007 has put at risk the...