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An Analysis of the Changing Nature and Legitimacy of the Governance of Financial Risk in the Global Political Economy

081202_financialrisks.jpgThis paper attempts to provide a critical analysis of the mainstream conceptualization of financial risk and the changing nature of its governance and asks whether and how legitimacy for both is reproduced. It is found that the conventional tendency is to think of global finance as being too complex and technical: similarly the notion of risk in the realm of finance has been socially constructed to be divorced from the concept of uncertainty and become a mathematically calculable enterprise to which high stakes of material rewards are attached. Such specific ideas about risk’s calculability are considered to constitute an ideational context for financial practices and their governance. Image source: > Continue.

Publications: Covalence Analyst Papers | Country: Global | Source: Bethelhem Moulat

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