Overview Many people argue that inappropriate compensation policies in financial companies contributed to the global financial crisis. Some say the overall level of pay was too high. Others critic…

Illicit financial flows are one of the most important features of globalization’s dark side. However, unlike other illicit or dangerous cross-border flows, these flows bear almost no markers in and of themselves.

Overview Many analysts, including Chairman Ben Bernanke of the Federal Reserve, have argued that global imbalances are an important causal factor of the global financial crisis. But it is not the …

Overview This Working Paper, the second in a series from the Squam Lake Working Group distributed by the Center for Geoeconomic Studies, argues that regulators consider systemic effects when setti…

Overview Internationalization was a spontaneous outcome of the marketplace for the rest of the world’s major currencies, but China is breaking with history by making it official policy to steer th…