Financial Derivatives And The Globalization Of Risk

Financial Derivatives and the Globalization of Risk PDF Book Detail:
Author: Edward LiPuma
Publisher: Duke University Press
ISBN: 0822386127
Size: 34.53 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 224
View: 379

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Book Description: 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.

Financial Derivatives And The Globalization Of Risk

Financial Derivatives and the Globalization of Risk PDF Book Detail:
Author: Edward LiPuma
Publisher: Duke University Press
ISBN: 9780822334187
Size: 80.92 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 209
View: 2683

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Book Description: 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 PDF Book Detail:
Author: Edward LiPuma
Publisher: Duke University Press
ISBN: 0822372835
Size: 76.20 MB
Format: PDF, ePub, Mobi
Category : Social Science
Languages : en
Pages : 416
View: 5318

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Book Description: 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.

Derivatives And The Wealth Of Societies

Derivatives and the Wealth of Societies PDF Book Detail:
Author: Benjamin Lee
Publisher: University of Chicago Press
ISBN: 022639283X
Size: 58.17 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 308
View: 961

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Book Description: 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.

Utopia In The Age Of Globalization

Utopia in the Age of Globalization PDF Book Detail:
Author: Robert T. Tally Jr.
Publisher: Springer
ISBN: 0230391907
Size: 33.52 MB
Format: PDF, ePub, Docs
Category : Literary Criticism
Languages : en
Pages : 111
View: 3165

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Book Description: The idea of "Utopia" has made a comeback in the age of globalization, and the bewildering technological shifts and economic uncertainties of the present era call for novel forms of utopia. Tally argues that a new form of utopian discourse is needed for understanding, and moving beyond, the current world system.

Gro E Transformation Zur Zukunft Moderner Gesellschaften

Gro  e Transformation  Zur Zukunft moderner Gesellschaften PDF Book Detail:
Author: Klaus Dörre
Publisher: Springer-Verlag
ISBN: 3658259477
Size: 40.54 MB
Format: PDF, Kindle
Category : Social Science
Languages : de
Pages : 598
View: 544

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Book Description: Der Band entfaltet ein umfassendes Panorama von potentiell tiefgreifenden Veränderungen, mit denen sich moderne Gesellschaften konfrontiert sehen: ökologische Gefahren, Ungleichheiten, Finanzkrisen, niedriges Wirtschaftswachstum, Fluchtmigration und Nationalismus sind einige der großen Herausforderungen der Gegenwart. Der Band widmet sich der Analyse und Deutung der damit verbundenen Problemstellungen. Er präsentiert Zukunftsaussichten, aber auch Chancen und Alternativen, die gesellschaftliche Transformationen bieten.

Kapital Und Ressentiment

Kapital und Ressentiment PDF Book Detail:
Author: Joseph Vogl
Publisher: C.H.Beck
ISBN: 3406769543
Size: 45.56 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : de
Pages : 224
View: 7700

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Book Description: Es zieht sich eine Spur der Zerstörung von der Herrschaft der Finanzmärkte über die neuen Netzgiganten bis hin zur dynamisierten Meinungsindustrie. Auf der Strecke bleiben dabei Demokratie, Freiheit und soziale Verantwortung. Joseph Vogl rekonstruiert in seiner brillanten Analyse, wie im digitalen Zeit- alter ganz neue unternehmerische Machtformen entstanden sind, die unser vertrautes politisches Universum mit einer eigenen Bewertungslogik überschreiben und über nationale Grenzen hinweg immer massiver in die Entscheidungsprozesse von Regierungen, Gesellschaften und Volkswirtschaften eingreifen. Drei Thesen zum gegenwärtigen Zeitalter enthält das neue Buch von Joseph Vogl, der seit seinem Bestseller "Das Gespenst des Kapitals" zu den interessantesten Wortführern einer neuen Generation von Kapitalismuskritikern gehört. Erstens: Der Internet- und Plattformkapitalismus der Gegenwart (von Google bis Uber) ist die jüngste Metamorphose eines Finanzregimes, das sich in den siebziger Jahren des 20. Jahrhunderts entwickelt und die Bewirtschaftung von Informationen als attraktive Quelle der Wertschöpfung erkannt hat. Zweitens: Diese Fusion von Finanzökonomie und Kommunikationstechnologien etabliert neue Paradigmen der Macht, deren Resultat fragmentierte Öffentlichkeiten, gesellschaftliche Schismen und Demokratieverlust sind. Drittens: Affektökonomien mit dem Treibstoff des Ressentiments stabilisieren die Dominanz dieses neuen Plattformkapitalismus auf Kosten des Gemeinwohls.

Credit Currency Or Derivatives

Credit  Currency or Derivatives PDF Book Detail:
Author: Michael G. Papaioannou
Publisher: Emerald Group Publishing
ISBN: 1849506027
Size: 34.13 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 578
View: 3594

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Book Description: Contains original papers that examine various issues concerning the role, the structure and functioning of credit, currency and derivatives instruments and markets as they relate to financial crises. This title stresses the importance of the inter-linkages of these instruments and markets in promoting or hindering financial stability or crises.

The Routledge Companion To Urban Imaginaries

The Routledge Companion to Urban Imaginaries PDF Book Detail:
Author: Christoph Lindner
Publisher: Routledge
ISBN: 1351672681
Size: 55.77 MB
Format: PDF, Kindle
Category : Architecture
Languages : en
Pages : 466
View: 905

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Book Description: The Routledge Companion to Urban Imaginaries delves into examples of urban imaginaries across multiple media and geographies: from new visions of smart, eco, and resilient cities to urban dystopias in popular culture; from architectural renderings of starchitecture and luxury living to performative activism for new spatial justice; and from speculative experiments in urban planning, fiction, and photography to augmented urban realities in crowd-mapping and mobile apps. The volume brings various global perspectives together and into close dialogue to offer a broad, interdisciplinary, and critical overview of the current state of research on urban imaginaries. Questioning the politics of urban imagination, the companion gives particular attention to the role that urban imaginaries play in shaping the future of urban societies, communities, and built environments. Throughout the companion, issues of power, resistance, and uneven geographical development remain central. Adopting a transnational perspective, the volume challenges research on urban imaginaries from the perspective of globalization and postcolonial studies, inviting critical reconsiderations of urbanism in its diverse current forms and definitions. In the process, the companion explores issues of Western-centrism in urban research and design, and accommodates current attempts to radically rethink urban form and experience. This is an essential resource for scholars and graduate researchers in the fields of urban planning and architecture; art, media, and cultural studies; film, visual, and literary studies; sociology and political science; geography; and anthropology.

Soziologie Der Finanzm Rkte

Soziologie der Finanzm  rkte PDF Book Detail:
Author: Herbert Kalthoff
Publisher: transcript Verlag
ISBN: 3839418062
Size: 41.75 MB
Format: PDF, ePub
Category : Social Science
Languages : de
Pages : 376
View: 3802

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Book Description: Spätestens mit der Schuldenkrise sind Finanzmärkte ins Zentrum der Forschung und des öffentlichen Diskurses gerückt. Dieser Band eröffnet neue und profunde Einblicke in ein gesellschaftlich relevantes und komplexes Phänomen der Gegenwart, das durch die Gleichzeitigkeit von formaler Rationalität und kommunikativer Mythenbildung, hoher Technisierung und impulsiver Körperlichkeit geprägt ist. Die sozial- und kulturwissenschaftlichen Beiträge stellen Forschungen zu unterschiedlichen Aspekten der Finanzmärkte vor - vereint durch das Interesse, ökonomischen Wissenspraktiken und ihrer gesellschaftlichen Bedeutung auf die Spur zu kommen.