Niels Philipsen is Associate Professor of Law and Economics, and Vice-Director of the Maastricht European Transnational Legal Research (METRO) Institute, in the Faculty of Law, Maastricht University, the Netherlands.Guangdong Xu is Associate Professor of Law and Economics at the China University of Political Science and Law, Beijing, China.

• I. 1. Introduction 2. The New Architecture of European Economic Governance 3. The Impact of Pension Systems on Financial Development: An Empirical Study 4. Does Financial Repression Retard China’s Economic Growth? An Empirical Examination 5. Law, Money, and Price: The Case of China II. 6. Recent Developments in the Regulation of Auditors: An Economic Perspective 7. Controlling Misrepresentation in Securities Markets: Is Private Enforcement Trivial in China? 8. Monitoring Shadow Banking: The Case of China III. 9. Cartel Enforcement in China: Monetary or Criminal Sanctions? 10. Climate Change and Financial Instruments to Cover Disasters: What Role for Insurance? 11. Project Finance Contracts, Essential Components, and Basic Strategic Advantages IV. 12. Corporate Governance Responses to Environmental Regulation and Market-Based Instruments 13. The Free Market Myth and its Influence on CSR V. 14. Comparative and concluding remarks

Niels Philipsen is Associate Professor of Law and Economics, and Vice-Director of the Maastricht European Transnational Legal Research (METRO) Institute, in the Faculty of Law, Maastricht University, the Netherlands.Guangdong Xu is Associate Professor of Law and Economics at the China University of Political Science and Law, Beijing, China.

• I. 1. Introduction 2. The New Architecture of European Economic Governance 3. The Impact of Pension Systems on Financial Development: An Empirical Study 4. Does Financial Repression Retard China’s Economic Growth? An Empirical Examination 5. Law, Money, and Price: The Case of China II. 6. Recent Developments in the Regulation of Auditors: An Economic Perspective 7. Controlling Misrepresentation in Securities Markets: Is Private Enforcement Trivial in China? 8. Monitoring Shadow Banking: The Case of China III. 9. Cartel Enforcement in China: Monetary or Criminal Sanctions? 10. Climate Change and Financial Instruments to Cover Disasters: What Role for Insurance? 11. Project Finance Contracts, Essential Components, and Basic Strategic Advantages IV. 12. Corporate Governance Responses to Environmental Regulation and Market-Based Instruments 13. The Free Market Myth and its Influence on CSR V. 14. Comparative and concluding remarks

Niels Philipsen is Associate Professor of Law and Economics, and Vice-Director of the Maastricht European Transnational Legal Research (METRO) Institute, in the Faculty of Law, Maastricht University, the Netherlands.Guangdong Xu is Associate Professor of Law and Economics at the China University of Political Science and Law, Beijing, China.

• I. 1. Introduction 2. The New Architecture of European Economic Governance 3. The Impact of Pension Systems on Financial Development: An Empirical Study 4. Does Financial Repression Retard China’s Economic Growth? An Empirical Examination 5. Law, Money, and Price: The Case of China II. 6. Recent Developments in the Regulation of Auditors: An Economic Perspective 7. Controlling Misrepresentation in Securities Markets: Is Private Enforcement Trivial in China? 8. Monitoring Shadow Banking: The Case of China III. 9. Cartel Enforcement in China: Monetary or Criminal Sanctions? 10. Climate Change and Financial Instruments to Cover Disasters: What Role for Insurance? 11. Project Finance Contracts, Essential Components, and Basic Strategic Advantages IV. 12. Corporate Governance Responses to Environmental Regulation and Market-Based Instruments 13. The Free Market Myth and its Influence on CSR V. 14. Comparative and concluding remarks