This chapter calls for democratic accountability and steering of financial market regulation, supporting national/regional diversity in regulatory institutions, frameworks and rules. It argues that the form taken by the systemic market crisis of 2006 onwards – contagion between market sectors...

Every narrative has a pivot, key assumption or foundational myth, which threads and holds together diverse content that might otherwise, because of its complexities and scope, become too disjointed to make sense. Before the crisis, the foundational myth was that expertise could steer the ship:...

The financial crisis has spread from private to public, from financial markets (2007-9) to sovereign states (2010 onwards). Concerns over ‘connectedness' – between banks, between banks and states, and hence between states – lies at the heart of the Eurozone debt crisis, just as it...

Dorn's chapter addresses three, inter-related public goods: systemic stability of financial markets, diversity in regulatory regimes, and democratic steering. Politicisation and democratic control of financial market policies and regulation – introducing a greater diversity of objectives and...