Was the current European crisis caused by a “lack of stability culture” or by the flawed architecture of the single currency system? Louis Pauly: Both. There is great lip service to former, especially in Germany, but even they let its banks operate with too much leverage, too little capital. It’s not a new story. Based […]
Canada Research Chair, Munk School of Global Affairs, University of Toronto
A scholar of international and comparative political economy, Louis Pauly is cross-appointed to the faculty of the Munk School of Global Affairs. His current research focuses on international financial regulation and supervision, the political economy of industrial innovation, and the management of global risks.