Beyond the State and Markets: Transnational Governance in the Wake of the Financial Crisis

How can cross-border economic transactions be regulated in order to shield societies from their negative effects? This has become an urgent issue in the wake of the financial crisis, which many commentators have attributed to a combination of too little government regulation and too much self-regulation in the private sector. The Research Group on Institution Building across Borders at the Max Planck Institute for the Study of Societies is exploring the conditions that precede effective transnational regulation.