State Capitalism in the United States: Development Finance State
ORCID
https://orcid.org/0000-0001-8979-6903
Document Type
Book Chapter
Publication Date
9-1-2022
Abstract
At this stage in the implementation of the Dodd-Frank regime, it is difficult to predict how successful the new financial regulatory structure will be in safeguarding systemic financial stability in the long run. Without claiming to offer any definitive judgments, this chapter draws some preliminary assessments of the Dodd-Frank Act as a major milestone on the path of financial regulation reform in the United States. Placing the discussion of this latest agency restructuring in its broader historical, institutional, and intellectual context is particularly instructive. Against that broader backdrop, the Dodd-Frank Act can be viewed, somewhat paradoxically, both as an important advance and as a regrettable retrenchment on the road toward a better regulatory system.
Publication Title
The Oxford Handbook of State Capitalism and the Firm
Repository Citation
Omarova, Saule T. and Hockett, Robert C., "State Capitalism in the United States: Development Finance State" (2022). Book Chapters. 480.
https://scholarship.law.upenn.edu/faculty_chapters/480
https://doi.org/10.1093/oxfordhb/9780198837367.013.27
DOI
https://doi.org/10.1093/oxfordhb/9780198837367.013.27