Jump to ContentJump to Main Navigation
Managing Financial RisksFrom Global to Local$
Users without a subscription are not able to see the full content.

Gordon L. Clark, Adam D. Dixon, and Ashby H. B. Monk

Print publication date: 2009

Print ISBN-13: 9780199557431

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780199557431.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 16 September 2019

The Practicalities of Being Inaccurate: Steps Toward the Social Geography of Financial Risk Management

The Practicalities of Being Inaccurate: Steps Toward the Social Geography of Financial Risk Management

Chapter:
(p.95) 4 The Practicalities of Being Inaccurate: Steps Toward the Social Geography of Financial Risk Management
Source:
Managing Financial Risks
Author(s):

Yuval Millo

Donald MacKenzie

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199557431.003.0005

Financial risk management is an integral part of today's global markets. Yet, in spite of its critical importance and the huge interest that this area generates among practitioners and academics alike, the social and institutional geography of financial risk management is yet a little known area. Using empirical evidence that traces the emergence of financial risk management in markets for financial derivatives, one of the ‘inner cores’ of the world's financial system, this chapter charts some of the contours of this new area in social geography. It argues that rather than simply serving as evidence to the validity and accuracy of modern financial economics, financial risk management is a loosely coupled array of techno-social practices, which encompasses a large number of interrelated, yet distinctively different, communities of practice. Traders, regulators, administrator and many ‘non-financial’ specialists (lawyers, accountants, IT professionals, to name but a few), along with a large variety of technological market devices take part in the creation and performance of the heterogeneous network that makes up global financial markets. Indeed, the chapter reveals, the remarkable success of financial risk management relays on the usefulness of its practices.

Keywords:   global finance, risk management, inaccuracy, social geography, financial derivatives

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .