Drawing on the German ordoliberal tradition, this book argues that liberalism's reliance on a utilitarian policy framework has resulted in increased concentrations of power, restricting freedom and equality. It proposes an alternative public policy framework and offers a practical pathway to...

This paper argues that the correlation calculations embedded in the Basel rulebook are unable to provide useful estimates of the systemic risk factor and therefore estimates of unexpected losses. This is because the nature of systemic risk is dynamic and cannot be estimated from a static model...

<span><span>This publication focuses on how the Capital Markets Union might lead to tangible gains in investment and jobs growth. Based on a micro analysis of the challenges faced by growth and innovative firms in six large member states, the report proposes a bottom-up policy agenda to complement the EU's...</span></span>