The Political Economy of Financial Market Regulation
Reviewer: Muhammad Mahmood
The current financial crisis as reflected in the banking crisis has now brought to the fore the issue of the regulation of the financial sector. Although published in 2006, the book raises a pertinent issue which has become so topical that it calls for a review of the book, especially that the issue has been addressed from the political economy perspective. The crisis has now forced industrialized countries including the U.S.A. to look into the regulatory environment surrounding the financial sector after leaving the sector for a considerable period of time mostly to self-regulation. The regime of self regulation has been largely driven by a culture of laissez faire...
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