Financial regulation can fail when it is needed the most. The dynamics of asset price bubbles weaken financial regulation just as financial markets begin to overheat and the risk of crisis spikes. At the same time, the failure of financial regulations adds further fuel to a bubb…
Financial regulation can fail when it is needed the most. The dynamics of asset price bubbles weaken financial regulation just as financial markets begin to overheat and the risk of crisis spikes. At the same time, the failure of financial regulations adds further fuel to a bubb…
Broken markets -- The curtain pulled back on high frequency trading -- Web of chaos -- Regulatory purgatory -- Regulatory hangover -- The arms merchants -- It's the data, stupid -- Heart of darkness -- Dude, where's my order? -- The flash crash, Part I: a day which will live in …
The markets have evolved at breakneck speed during the past decade, and change has accelerated dramatically since 2007's disastrous regulatory "reforms." An unrelenting focus on technology, hyper-short-term trading, speed, and volume has eclipsed sanity: markets have been hijack…