Financial Derivatives and the Globalization of Risk - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Derivatives and the Globalization of Risk write by Edward LiPuma. This book was released on 2004-09-29. Financial Derivatives and the Globalization of Risk available in PDF, EPUB and Kindle. DIVCultural studies exploration of the implications of the circulation of increasingly abstract forms of capital in the contemporary global economy./div
The Social Life of Financial Derivatives
The Social Life of Financial Derivatives - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Social Life of Financial Derivatives write by Edward LiPuma. This book was released on 2017-10-19. The Social Life of Financial Derivatives available in PDF, EPUB and Kindle. In The Social Life of Financial Derivatives Edward LiPuma theorizes the profound social dimensions of derivatives markets and the processes, rituals, and belief systems that drive them. In response to the 2008 financial crisis and drawing on his experience trading derivatives, LiPuma outlines how they function as complex devices that organize speculative capital as well as the ways derivative-driven capitalism not only produces the conditions for its own existence, but also penetrates the fabric of everyday life. Framing finance as a form of social life and highlighting the intrinsically social character of financial derivatives, LiPuma deepens our understanding of derivatives so that we may someday use them to serve the public well-being.
Financial Derivatives and the Globalization of Risk
Financial Derivatives and the Globalization of Risk - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Derivatives and the Globalization of Risk write by Benjamin Lee. This book was released on 2004-09-29. Financial Derivatives and the Globalization of Risk available in PDF, EPUB and Kindle. The market for financial derivatives is far and away the largest and most powerful market in the world, and it is growing exponentially. In 1970 the yearly valuation of financial derivatives was only a few million dollars. By 1980 the sum had swollen to nearly one hundred million dollars. By 1990 it had climbed to almost one hundred billion dollars, and in 2000 it approached one hundred trillion. Created and sustained by a small number of European and American banks, corporations, and hedge funds, the derivatives market has an enormous impact on the economies of nations—particularly poorer nations—because it controls the price of money. Derivatives bought and sold by means of computer keystrokes in London and New York affect the price of food, clothing, and housing in Johannesburg, Kuala Lumpur, and Buenos Aires. Arguing that social theorists concerned with globalization must familiarize themselves with the mechanisms of a world economy based on the rapid circulation of capital, Edward LiPuma and Benjamin Lee offer a concise introduction to financial derivatives. LiPuma and Lee explain how derivatives are essentially wagers—often on the fluctuations of national currencies—based on models that aggregate and price risk. They describe how these financial instruments are changing the face of capitalism, undermining the power of nations and perpetrating a new and less visible form of domination on postcolonial societies. As they ask: How does one know about, let alone demonstrate against, an unlisted, virtual, offshore corporation that operates in an unregulated electronic space using a secret proprietary trading strategy to buy and sell arcane financial instruments? LiPuma and Lee provide a necessary look at the obscure but consequential role of financial derivatives in the global economy.
Risk Management
Risk Management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Risk Management write by Satyajit Das. This book was released on 2005-10-14. Risk Management available in PDF, EPUB and Kindle. Risk Management consists of 8 Parts and 18 Chapters covering risk management, market risk methodologies (including VAR and stress testing), credit risk in derivative transactions, other derivatives trading risks (liquidity risk, model risk and operational risk), organizational aspects of risk management and operational aspects of derivative trading. The volume also covers documentation/legal aspects of derivative transactions (including ISDA documentary framework), accounting treatment (including FASB 133 and IAS 39 issues), taxation aspects and regulatory aspects of derivative trading affecting banks and securities dealers (including the Basel framework for capital to be held against credit and market risk).
Derivatives and the Wealth of Societies
Derivatives and the Wealth of Societies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Derivatives and the Wealth of Societies write by Benjamin Lee. This book was released on 2016-11-02. Derivatives and the Wealth of Societies available in PDF, EPUB and Kindle. The contributors to this volume draw upon their deep backgrounds in finance, the social sciences, arts, and the humanities to create a new way of understanding derivative capitalism that does justice to its technical, social, and cultural dimensions. The financial crisis of 2008 demonstrated both that derivatives are capable of producing great wealth and that their deregulation and privatization cannot control the risks that they produce. A popular reaction is to focus on the regulation or abolition of derivative finance. These authors take a different tack and instead raise the question: if we should want access to the wealth that derivatives are capable of producing, what kind of social institutions and policies would be needed to make such wealth production work for the benefit of all of us? Since this question goes to the very heart of what kind of society is most desirable, the volume argues that we need both a social understanding of the derivative and a derivative understanding of the social. The derivative reading of the social employs a small set of financial concepts to understand certain defining dimensions of contemporary reality. The central concept is that of volatility and its relations to risk, uncertainty, hedging, optionality, and arbitrage. The social reading of the derivative involves anthropological discussions of the gift, ritual, play, and performativity and provides us with frames of embodiment for analyzing, through action and event, the ways derivatives do their work.
