News and views from the Blavatnik School of Government community 
How does a country go from the being the richest of its region to absolute collapse? Why have people been protesting daily for over two months? Moreover, why do people continue to demonstrate when over 60 people have been killed by State security forces? How bad can the situation get? […]
The EU is under siege. The arrival of hundreds of thousands of refugees from Afghanistan, Iraq, and Syria has tested the single-border principle at the core of the union. The ongoing financial crisis in Greece has strained the single currency. The United Kingdom will soon hold a referendum on whether […]
At the peak of the Netherlands’ “tulip mania” in 1637, one tulip bulb sold for 5,500 guilders per bulb—roughly the cost of luxurious house in Amsterdam, or $25,000 today. More than three and a half centuries later, economists continue to debate why tulip prices skyrocketed to stratospheric levels in the 1630s, much in the same way that the 2008 Global Financial Crisis remains a source of contention. Why have financial systems been so vulnerable to crises, and what role has regulation played?
The recent economic crisis has revealed, amongst other things, that certain political systems in southern Europe seriously struggle to deliver good governance. Political elites in Italy, Greece, Portugal and Spain have not only proven incapable of delivering prosperity to their people but have presided over (and in some cases profited […]
In finance and beyond, how is global cooperation failing from its own prior wins? The 2008-2009 financial crisis was arguably the greatest economic calamity since the Great Depression. Why, then, has regulatory reform in key countries and at the global level been so piecemeal? Measures that have been agreed on, […]
Many of the causes of contemporary gridlock stem in part from the previous successes of the multilateral order. The world has not been able to negotiate a new global trade deal for 19 years. After 21 years of climate talks, we have yet to find a way to meaningfully reduce […]
Promotion of an ethical culture in banking, ethical-performance transparency for shareholder oversight, and changed hiring policies should be among the actions taken to prevent more failures. In my last blog, I highlighted some of the continuing issues with banking culture, today I suggest policies which would address the problems. Banking […]
We all know that it’s an issue, but promises of new “codes of conduct” in investment banking and capital markets will not automatically lead to better behaviour.
Designed by
RSS
Twitter
Facebook