The Conundrum of Financial Regulation: Origins, Controversies, and Prospects
Why this work is in the frame
A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.
Bibliographic record
Abstract
This review surveys the origins and development of financial regulation as a concept and as a set of legal (state) and extralegal policies aimed at controlling financial sector activity, specifically stock market exchange. It outlines the basic tools that made financial capitalism possible, the establishment of state regulatory agencies, the cyclical nature of disaster and reform, and struggles over the viability, purposes, and sanctions regulators should pursue. I argue that recent developments, notably globalized trade and the neoliberal policies that states have pursued since the 1980s, have weakened the ability of regulators to take meaningful actions to control the antisocial acts of a financial sector that has grown, literally, too big to fail. Recent evidence indicates that the rate of technological innovations in the financial sector has outpaced the normative capacity of legal and regulatory structures. The review concludes with an examination of the solutions and remedies posed by a range of different scholars across various theoretical positions.
Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.000 | 0.000 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.000 | 0.000 |
| Science and technology studies | 0.001 | 0.001 |
| Scholarly communication | 0.000 | 0.000 |
| Open science | 0.000 | 0.000 |
| Research integrity | 0.000 | 0.000 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it