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hal.structure.identifierDauphine Recherches en Management [DRM]
dc.contributor.authorHuault, Isabelle*
hal.structure.identifier
dc.contributor.authorRainelli, Hélène
HAL ID: 177512
*
dc.date.accessioned2012-04-18T14:08:14Z
dc.date.available2012-04-18T14:08:14Z
dc.date.issued2013
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/8914
dc.language.isoenen
dc.subjectOTC marketsen
dc.subjectsocial construction of marketsen
dc.subjectfinancial innovationen
dc.subjectconnexionist worlden
dc.subjectconnexionist orderen
dc.subject.ddc332en
dc.subject.classificationjelG.G1.G10en
dc.titleThe Connexionist Nature of Modern Financial Markets. From a Domination to a Justice Order?en
dc.typeChapitre d'ouvrage
dc.description.abstractenA large proportion of modern financial markets, and the near totality of derivatives markets are OTC markets where bilateral contracts are exchanged between counterparties in the absence of any centralised structure. Our thesis is that to be useful, a critical perspective on modern finance should take full account of the nature of these markets, which exhibit no transparency of prices and offer little guarantee as for the efficiency of competition mechanisms. We propose to characterise the nature of OTC markets using Boltanski and Chiapello's concept (1999/2005) of the connexionist world. This provides, we argue, a renewed perspective on the role of innovation in modern finance. We then emphasize the difficulty of the connexionist grammar of worth to develop principles of justice in OTC markets, which are characterised by their technicality, their deterritorialization and the infinity of potential members. We suggest potential tracks to struggle more efficiently against the drifts of connexionist logic as they arise on financial markets and their spillover effects on societies.en
dc.identifier.citationpages181-206
dc.relation.ispartoftitleNew Spirits of Capitalism? Crises, Justifications and Dynamicsen
dc.relation.ispartofeditordu Gay, Paul
dc.relation.ispartofeditorMorgan, Glenn
dc.relation.ispartofpublnameOxford University Pressen
dc.relation.ispartofpublcityOxforden
dc.relation.ispartofdate2013
dc.relation.ispartofpages352
dc.description.sponsorshipprivateouien
dc.subject.ddclabelEconomie financièreen
dc.relation.ispartofisbn978-0-19-959534-1
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
hal.identifierhal-01635813*
hal.version1*
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