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 There are critical holes in the existing regulatory framework for handling large complex financial institutions that become impaired. This uncertainty makes it difficult for regulators to…