haku: @author Lee, B. / yhteensä: 18
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| Tekijä: | LiPuma, E. Lee, B. |
| Otsikko: | Financial derivatives and the rise of circulation |
| Lehti: | Economy and Society
2005 : AUG, VOL 34:3, p. 404-427 |
| Asiasana: | Risk |
| Vapaa asiasana: | Cultures of circulation Financial deriavative Mediation |
| Kieli: | eng |
| Tiivistelmä: | This article argues that the outsourcing of production from the metropole generated problems of monetary connectivity that motivated the banking sector to develop and market a new species of derivative: the financial derivative. Virtually non-existent until 1973, such derivatives would soon become a 100 trillion dollar market. The investigation shows that what makes the emergent culture of financial circulation historically new is that is defined and determined through the objectification of abstract risk. |
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