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.
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](http://vs-images.bn-web.com/static/redesign/srcs/images/grey-box.png?v11.12.4)
Financial Derivatives and the Globalization of Risk
224![Financial Derivatives and the Globalization of Risk](http://vs-images.bn-web.com/static/redesign/srcs/images/grey-box.png?v11.12.4)
Financial Derivatives and the Globalization of Risk
224Paperback(New Edition)
Product Details
ISBN-13: | 9780822334187 |
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Publisher: | Duke University Press |
Publication date: | 09/29/2004 |
Series: | Public Planet Books |
Edition description: | New Edition |
Pages: | 224 |
Product dimensions: | 5.35(w) x 7.95(h) x 0.54(d) |