Financial models and society: Villains or scapegoats?

Ekaterina Svetlova*

*Corresponding author for this work

Research output: Book/ReportBookAcademic

22 Citations (Scopus)


This innovative book employs the social studies of finance approach which aims to enhance the dialogue between finance and sociology by addressing the blind spots of economic and financial theories. In so doing, it challenges the accusations made towards financial models in the aftermath of the last economic crisis and argues that they cannot be condemned indiscriminately. Their influence on markets and society is not straightforward, but determined by the many ways in which models are created and then used. Ekaterina Svetlova analyses the various patterns of the application of models in asset management, risk management and financial engineering to demonstrate that their power is far more fragile than widespread criticism would indicate.

Original languageEnglish
PublisherEdward Elgar
Number of pages184
ISBN (Electronic)9781784710026
ISBN (Print)9781784710019
Publication statusPublished - 23 Feb 2018
Externally publishedYes


Dive into the research topics of 'Financial models and society: Villains or scapegoats?'. Together they form a unique fingerprint.

Cite this