Related by context. Frequent words. (Click for all words.) 56 unregulated derivatives 48 malinvestment 47 largely unregulated 47 unregulated 46 OTC derivatives 46 counter OTC derivatives 46 nontransparent 45 arbitraging 45 mispricing 45 CDSs 45 derivatives 44 derivates 44 fungibility 44 SWFs 44 CCPs 44 OTC derivative 44 distortionary 44 counterparties 43 regulatory arbitrage 43 hedge funds 43 counterparty risk 43 opaqueness 43 USDollar 42 nonbanks 42 opacity 42 moral hazard 42 opaque 42 USEconomy 42 financialization 42 short termist 42 undemocratic regimes 42 loosely regulated 42 oligopolistic 42 nondemocratic 42 HFT 42 negative externalities 42 prudential regulation 42 speculative excesses 42 lightly regulated 41 regulatory frameworks 41 credit raters 41 incentivises 41 algos 41 unpoliced 41 nonstate actors 41 regulatory framework 41 USFed 41 Clearinghouses 41 externalised 41 rapaciousness 41 perverse incentives 41 GSEs 41 sovereign CDS 40 AIFM 40 regulative 40 intermediation 40 MBSs 40 OTC Derivatives 40 USGovt 40 transparency 40 corruptive 40 MMFs 40 tightly regulated 40 manipulation 40 Credit Default Swaps 40 psychologies 40 distortions 39 multitrillion dollar 39 externalities 39 petro dollars 39 oversight 39 Moral hazard 39 swaps 39 counterparty 39 manipulators 39 rigidities 39 1trn 39 distortive 39 mercantilism 39 sovereign wealth funds 39 neoliberal globalization 39 sponsored enterprises GSEs 39 margining 39 Unregulated 39 unfettered 39 overly prescriptive 39 reflexivity 39 transnational corporations 39 capitalism 39 imbalances 39 regulated 38 mercantilist 38 trillions 38 AIG counterparties 38 oligopolies 38 unintended consequences 38 sovereign wealth 38 risk premia 38 default swap 38 illiquid assets 38 securitized mortgages