ENGLISH

Risk in International Finance

Book information

Publisher
Routledge
Year
2008
ISBN
0415775191, 9780415775199, 9780203929230, 0203929233
LCC
HG3881 .Y32 2008
Open Library ID
OL10208045M
Language
english
Format
PDF
Filesize
1 MB (1251013 bytes)
Series
Routledge frontiers of political economy 100
Edition
1
Pages
191\191
Topic
Economy
Scanned
yes
Time added
2010-05-31 00:48:14

Description

This book analyzes the evolution and impact of the concept of risk on processes of transnational banking and financial market regulation, as well as the externalities generated by speculative financial activity in developing and emerging market economies. The author provides an alternative theory for the study of international financial market regulation by applying elements of a post-structural methodology to the topic. Inspired by Michel Foucault’s framework of critical discourse analysis in The History of Sexuality, the argument dissects the rules of formation that govern the evolving discourse on risk. The author argues that the mathematically formal technology of risk emerges from within specific institutions and economic formations; thereby limiting its utility in the regulation of global financial markets. Exploring how the applied technology of risk has been implicated for fueling a major financial crisis, his work also demonstrates how the regulation of global financial markets and abstruse financial instruments in advanced industrialized countries impacts the lives of the poorest people in developing countries and emerging markets.

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