It has taken two crises - the Asian financial crisis of 1997-1998 and the global financial crisis of 2007-2009 - for the international community to seriously focus on the reform of the international financial architecture for crisis prevention, management and resolution. Facing the global...

Robust regulators and their political masters : independence and accountability in theory / Marc Quintyn and Michael W. Taylor -- Independence and accountability in supervision : general principles and European setting / Lorenzo Bini Smaghi -- The fear of freedom : politicians and the...

Das ifo Institut hat bereits zu Beginn des europäischen Liberalisierungsprozesses die Organisation von Regulierungsbehörden untersucht. Der vorliegende Beitrag knüpft mit einem internationalen Vergleich der Regulierungsinstitutionen an diese Arbeiten an. Am Beispiel der...