Political economy and financial regulation: a comparative analysis of the consumer default debt market in the United States of America and the European Union
比较美国和欧盟的违约消费债务买卖市场的运作、治理和监管，发现区域差异源于不同的政治经济体制，并建议金融政策应更关注监管空间的地理背景。
This article advances a politically informed approach to studying the geographical unevenness of the development financial markets by undertaking a comparative analysis of the operation, governance, and regulation of the debt sale and purchase market (DSPM) for default consumer debt in the USA and the European Union. The findings demonstrate regional and interregional variations are attributable to distinctive political economies that determine whether a DSPM becomes embedded or is repelled. A more nuanced approach to financial policy development that is more sensitive to the distinctive geographical context of regulatory spaces is proposed.