This study was not alone in demonstrating that a deal on the Doha Round could be of huge benefit to the global economy. Assuming plausible enhancements in the course of further negotiations, the biggest-ever round of international trade liberalisation in absolute terms could indeed be realised....

The divergence between increasingly supranational financial markets on the one hand and still largely national supervisory structures on the other gives rise to tensions which reduce the effectiveness of the supervision. It lies in the interests of both the public and the private sector that the...