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How to prevent and better handle the failures of globalsystemically important financial institutions 75Stijn ClaessensCross-border banking in Europe: policy challenges inturbulent times 85Thorsten BeckCredit default swaps in Europe 95Richard PortesGlobal banks, fiscal policy and internationalbusiness cycles 107Robert KollmannThe global trade regimeThe Doha Round impasse 111Simon J EvenettThe Future of the WTO 121Richard BaldwinOpen to goods, closed to people? 135Paola Conconi, Giovanni Facchini, Max F Steinhardt, and MaurizioZanardiInternational migration and the mobility of labourThe Recession and International Migration 143Timothy J HattonA dangerous campaign: Why we shouldn’t risk theSchengen-Agreement 157Tito Boeri and Herbert Brücker

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