{'fraction_non_alphanumeric': 0.021994134897360705, 'fraction_numerical': 0.0, 'mean_word_length': 5.438679245283019, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
Reconceptualising Global Finance and Its Regulation

From the dawn of civilization, the ever-growing sophistication of human society, division of labour, specialization, and comparative advantage rendered trade an indispensable part of any human enterprise. The need for trade begets the need for finance, and as trade becomes globally indispensable, so does finance. Indeed, trade and finance midwifed the birth of globalization, foster- mothered its infancy, and nurtured it into its prime age. Although globalization has seen ebbs and flows and has faced numerous disruptions by its enemies, in the wake of the global financial crisis (GFC), it was not the globalization’s discontents but the masters of trade and finance who were about to push globalization off the precipice. To understand why globalization suffered a blow by its friends rather than its foes, the book successfully attempts to promote a better understanding of the workings of global finance, to unearth covert fault lines in its crust, to highlight serious flaws in its governance and regulation, and to propose remedies for the deficiencies in the governance and regulation of the global financial system. This is made possible by highlighting the gap between virtually seamlessly-globalized finance and its fragmented, unsystematic, inconsistent, and incomplete regulation and governance.