Financial Models and Society

Villains or Scapegoats?

Ekaterina Svetlova (Autor)

Buch | Hardcover

192 Seiten

2018
Edward Elgar Publishing Ltd (Verlag)
978-1-78471-001-9 (ISBN)

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This innovative book employs the social studies of finance approach, which aims to enhance the dialogue between finance and sociology by addressing the blind spots of economic and financial theories. In so doing, it challenges the accusations made towards financial models in the aftermath of the last economic crisis and argues that they cannot be condemned indiscriminately. Their influence on markets and society is not straightforward, but determined by the many ways in which models are created and then used. Ekaterina Svetlova analyses the various patterns of the application of models in asset management, risk management and financial engineering to demonstrate that their power is far more fragile than widespread criticism would indicate.This unique and stimulating book furthers our understanding of the influence of financial models on markets and society more broadly. It will be of value to academics in the social studies of finance, economic sociology, philosophy of economics and political economy. It will also useful to practitioners who design and apply models within financial markets, regulators and policy-makers involved in the stability of financial markets, as well as any readers with a general interest in these areas.

Ekaterina Svetlova, University of Leicester, UK

Contents: 1. Introduction 2. Models in finance: General considerations 3. From representation to performativity and beyond 4. Financial models in decision-making 5. Models in “decision-selling” 6. Conclusions and discussion References Index

Erscheinungsdatum	18.08.2017
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Sozialwissenschaften ► Soziologie
	Wirtschaft ► Allgemeines / Lexika
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	1-78471-001-6 / 1784710016
ISBN-13	978-1-78471-001-9 / 9781784710019
Zustand	Neuware