How do established global institutions adapt to new circumstances? And how are the formation and evolution of regional institutions constrained by global ones? These questions, especially relevant for today's transforming Europe, are at the center of Institutional Designs for a Complex World. In this volume, respected scholars explore the possibilities for reconciling regional and global institutions by nesting one within the other, or by creating parallel institutions that deal with separate but relatedactivities. The authors use an innovative theoretical framework to analyze the factors that lead to institutional bargaining games. They show how institutional innovation and the use of linkages might alter such games. Their essays, published here for the first time, examine the development of the Financial Support Fund, the European Economic Area, institutional competition and conflict in the Bosnian crisis, and problems in the European Monetary System. They reveal the advantages...

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