• xmlui.mirage2.page-structure.header.title
    • français
    • English
  • Aide
  • Connexion
  • Langue 
    • Français
    • English
Consulter le document 
  •   Accueil
  • DRM (UMR CNRS 7088)
  • DRM : Publications
  • Consulter le document
  •   Accueil
  • DRM (UMR CNRS 7088)
  • DRM : Publications
  • Consulter le document
JavaScript is disabled for your browser. Some features of this site may not work without it.

Afficher

Toute la baseCentres de recherche & CollectionsAnnée de publicationAuteurTitreTypeCette collectionAnnée de publicationAuteurTitreType

Mon compte

Connexion

Enregistrement

Statistiques

Documents les plus consultésStatistiques par paysAuteurs les plus consultés
Thumbnail

Constructing a globalized over-the-counter financial market. Limits of performativity and problems of cognitive framing - The case of credit derivatives

Rainelli, Hélène; Huault, Isabelle (2006), Constructing a globalized over-the-counter financial market. Limits of performativity and problems of cognitive framing - The case of credit derivatives, conférence AFFI (Association Française de Finance), 2006, Paris, France

Voir/Ouvrir
huault_rainelli_affi.PDF (207.6Kb)
Type
Communication / Conférence
Date
2006
Titre du colloque
conférence AFFI (Association Française de Finance)
Date du colloque
2006
Ville du colloque
Paris
Pays du colloque
France
Pages
29
Métadonnées
Afficher la notice complète
Auteur(s)
Rainelli, Hélène
Huault, Isabelle
Résumé (EN)
The aim of the paper is to understand how one particular financial innovation, namely credit derivatives, has become a market and what kind of obstacles the promoters of the product have to face to achieve success. Following MacKenzie and Millo (2003) we focus on legitimacy issues taking into account moral, political, cultural and social dimensions as well as the question of performativity of economic theory. More specifically, we propose to study the emergence and the development of the market for credit derivatives, such as has been seen in France since the end of 1997. This market presents two major characteristics, which make it different from the options market studied by Baker (1984) and by Mac Kenzie and Millo (2003). The market for credit derivatives is an over the counter market- a market of contracts exchanged between parties without the intermediary of a central authority in charge of organising the exchanges. In addition, this is a trans-national market, basically concerning large financial institutions and, in particular, investment banks throughout the world. How was this market born? How did it come about and how does it continue to function? What is the role played by the financial theory of risk in this process? Those are the questions we address in the paper.
Mots-clés
sociologie des marchés financiers; performativité; dérivés de crédit; risque
JEL
G14 - Information and Market Efficiency; Event Studies; Insider Trading

Publications associées

Affichage des éléments liés par titre et auteur.

  • Vignette de prévisualisation
    Old risk, new market : constructing the over-the counter financial market for credit derivatives 
    Rainelli, Hélène; Huault, Isabelle (2007) Communication / Conférence
  • Vignette de prévisualisation
    Regulation and normalization on a globalized financial market : the case for credit derivatives 
    Huault, Isabelle; Rainelli, Hélène (2006) Communication / Conférence
  • Vignette de prévisualisation
    Constructing the Market for Credit Derivatives : How Major Investment Banks Handle Ambiguities 
    Huault, Isabelle; Rainelli, Hélène (2012) Chapitre d'ouvrage
  • Vignette de prévisualisation
    Market shaping as an answer to ambiguities. The case of credit derivatives 
    Rainelli, Hélène; Huault, Isabelle (2009) Article accepté pour publication ou publié
  • Vignette de prévisualisation
    The connexionnist nature of modern financial markets. Challenges and possible outcomes 
    Rainelli, Hélène; Huault, Isabelle (2010) Communication / Conférence
Dauphine PSL Bibliothèque logo
Place du Maréchal de Lattre de Tassigny 75775 Paris Cedex 16
Tél. : 01 44 05 40 94
Contact
Dauphine PSL logoEQUIS logoCreative Commons logo