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Social scientists have long recognized that macro-level factors have the potential to shape the health of populations and individuals. Along these lines, they have theorized about the role of the welfare state in creating more equal opportunities and outcomes and how this intervention may...
Persistent link: https://www.econbiz.de/10011116294
Purpose – The purpose of this paper is to highlight the potentials offered by New Product Committees for the development of responsible innovation in the financial services industry; and to provide grounds for policy recommendations. Design/methodology/approach – The paper takes the form of...
Persistent link: https://www.econbiz.de/10010815036
Purpose - The purpose of this paper is to highlight the potentials offered by New Product Committees for the development of responsible innovation in the financial services industry; and to provide grounds for policy recommendations. Design/methodology/approach - The paper takes the form of...
Persistent link: https://www.econbiz.de/10010820476
The introduction of index-based derivatives is one of the most important developments in post-war financial markets; today these contracts are amongst the most commonly traded financial instruments. Yet, no sociological accounts based on empirical material have focused on the creation of...
Persistent link: https://www.econbiz.de/10010884599
Persistent link: https://www.econbiz.de/10011035306
The financialised character of contemporary rationalities of public governance has been the subject of increased attention within a range of disciplinary and interdisciplinary fields. With this paper we propose a particular analytical framework, focused on the notion of ‘governance devices’,...
Persistent link: https://www.econbiz.de/10011003022
The notion of risk is central to modern society, both as a productive and as a troublesome concept. On the one hand, risk refers to a situation of opportunity. Only those who undertake a risk, bear the uncertainties and face the potential adverse consequences, may gain the rewards. On the other...
Persistent link: https://www.econbiz.de/10010745057
Sometimes regulators become experimenters: they try ideas out before implementing them, put novel schemes to the test in order to predict their likely impact, or conduct pilot programmes before executing new policies. Regulators find experiments very expedient, as they allow them to forecast the...
Persistent link: https://www.econbiz.de/10010745255
The paper traces the intertwined evolution of financial risk management and the financial derivatives markets. Spanning from the late 1960s to the early 1990s, this paper reveals the social, political and organizational factors that underpinned the exponential success of one of today's leading...
Persistent link: https://www.econbiz.de/10010745554
This report identifies impersonal efficiency as a driver of market automation during the past four decades, and speculates about the future problems it might pose. The ideology of impersonal efficiency is rooted in a mistrust of financial intermediaries such as floor brokers and specialists....
Persistent link: https://www.econbiz.de/10010746489