Related by context. Frequent words. (Click for all words.) 53 nontransparent 49 opaque 47 distortionary 46 inefficient 45 unsystematic 44 Inefficient 44 arbitraging 44 short termist 43 oligopolistic 43 illiquid 42 fungibility 42 undemocratic 42 opaqueness 41 euroland 41 counterparty risk 41 fragmented 41 mispricing 41 oligopolies 40 perverse incentives 40 transparent 40 inherently unstable 40 ambiguous 40 obtuse 40 delegitimized 40 dishonest 40 disempowering 40 volatility 40 unco ordinated 39 obstructive 39 incentivises 39 regulatory arbitrage 39 grossly inefficient 39 overly prescriptive 39 risk premia 39 predicable 39 uncompetitive 39 unethical 39 irrational 39 unproblematic 39 highhanded 39 intermediation 39 conflictual 39 nondemocratic 38 undercapitalised 38 corrupt regimes 38 decentralized 38 fundamentally 38 inequitable 38 profit maximization 38 intermediated 38 venal 38 unhelpful 38 manipulative 38 inflexible 38 counterproductive 38 neocolonial 38 unreliable 38 fundamentally dishonest 37 Moral hazard 37 self fulfilling prophesy 37 homogenous 37 regulatory frameworks 37 CDSs 37 technocracy 37 Imbalances 37 prudential supervision 37 counter OTC derivatives 37 unpractical 37 homogeneous 37 counter intuitive 37 monopolistic 37 inherently 37 inherently flawed 37 balkanized 37 counter productive 37 transparency 37 risk averse 37 obfuscates 37 uncoordinated 37 illogical 37 fallacious 37 arbitrage 37 sovereign CDS 37 Decoupling 37 duplicitous 37 behave rationally 37 gradualist 37 unconstructive 37 overly bureaucratic 37 rigidities 37 Repressive 37 regulatory framework 37 rationalisations 37 disaggregation 36 inapt 36 highly levered 36 transparently 36 ineffective 36 negative externalities 36 neo colonialist 36 politicized