A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation

By Richard M. Bookstaber. 2007

170 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a59891e8817bbd617f94da38eeb3419dd33fde80

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The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

1. Andrew Leyshon
2. Paul A. Langley
3. E. Engelen
4. Nigel Thrift
5. I. Erturk
6. J. Froud
7. K. Williams
8. M. Matthijs

Citations in the corpus

• The Capitalization of Almost Everything (2007, background): “…financial innovations is in all probability introducing higher levels of systemic risk into the financial system, a danger that has also been commented on by regulatory bodies such as the Bank for International Settlements and even some market participants (Augur, 2001, 2006, Bookstaber, 2007).”
• Roepke Lecture in Economic Geography—Crises, Geographic Disruptions and the Uneven Development of Political Responses (2011, background): “…as “regulatory capture”); of financial innovations that led to the loss of both internal and external controls over a “shadow banking system”; and of policy failures that encouraged “moral hazard,” particularly in institutions that were deemed “too big to fail” (Bookstaber 2007; Authers 2010).”
• Reconceptualizing financial innovation: frame, conjuncture and bricolage (2010, background): “At the same time, these accounts do imply that agents possess differentiated and continuously changing freedoms to exercise their limited powers (see, for example, Bookstaber, 2007; Dunbar, 1999).”
• From dissonance to resonance: cognitive interdependence in quantitative finance (2012, unknown): “Building on the Knightian distinction between risk and uncertainty, several authors have argued that crises occur when the unquestioned use of financial models leads banks to underestimate uncertainty (Bookstaber, 2007; Derman, 2004; Taleb, 2007).”
• The profitability of pairs trading strategies: distance, cointegration and copula methods (2016, unknown): “The strategy was first pioneered in the 1980s by traders Gerry Bamberger and the quantitative trading group headed by Nunzio Tartaglia at Morgan Stanley (Bookstaber 2007).”
• Perspectives on Innovation Processes (2013, background): “Considering diachrony, what may be considered as a valuable outcome at one point in time can generate negative outcomes at a different point in time, as was the case with many financial innovations (Bookstaber, 2007).”
• Black Swans, Lame Ducks, and the mystery of IPE's missing macroeconomy (2017, background): “On tight coupling, see Perrow (1984), Guillen (2015), Bookstaber (2007) and Taleb (2014).”
• Uncertainty, Risk, and the Financial Crisis of 2008 (2014, unknown): “Bookstaber 2007, 87.”