Risk In International Finance (routledge Frontiers Of Political Economy)
by Vikash Yadav /
2008 / English / PDF
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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.
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.
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.