Overview
Who are the agents of financial regulation? Is good (or bad) financial governance merely the work of legislators and regulators? Here Annelise Riles argues that financial governance is made not just through top-down laws and policies but also through the daily use of mundane legal techniques such as collateral by a variety of secondary agents, from legal technicians and retail investors to financiers and academics and even computerized trading programs. Drawing upon her ten years of ethnographic fieldwork in the Japanese derivatives market, Riles explores the uses of collateral in the financial markets as a regulatory device for stabilizing market transactions. How collateral operates, Riles suggests, is paradigmatic of a class of low-profile, mundane, but indispensable activities and practices that are all too often ignored as we think about how markets should work and be governed. Riles seeks to democratize our understanding of legal techniques and demonstrate how these day-to-day private actions can be reformed to produce more effective forms of market regulation.
Full Product Details
Author: Annelise Riles
Publisher: The University of Chicago Press
Imprint: University of Chicago Press
Dimensions:
Width: 15.20cm
, Height: 2.30cm
, Length: 22.90cm
ISBN: 9780226719320
ISBN 10: 0226719324
Pages: 296
Publication Date: 01 May 2011
Audience:
Professional and scholarly
,
Professional & Vocational
Format: Hardback
Publisher's Status: Out of Stock Indefinitely
Availability: In Print
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.
Reviews
Collateral Knowledge is a complex, clever, stimulating, and ambitious text on an important topic. Annelise Riles upends current debates about regulation and deregulation, private vs. public interest, and financial globalization by calling our attention to the unobtrusive, yet pervasive technical devices that private actors use to do their business. A real blockbuster. (Bruce Carruthers, Northwestern University)
"""Collateral Knowledge is a complex, clever, stimulating, and ambitious text on an important topic. Annelise Riles upends current debates about regulation and deregulation, private vs. public interest, and financial globalization by calling our attention to the unobtrusive, yet pervasive technical devices that private actors use to do their business. A real blockbuster."" (Bruce Carruthers, Northwestern University)"""
Author Information
Annelise Riles is the Jack G. Clarke '52 Professor of Far Eastern Legal Studies, professor of anthropology, and director of the Clarke Program in East Asian Law and Culture, all at Cornell University.
