JFI Fellow Elham Saeidinezhad has launched a new series on Phenomenal World consisting of interviews with market-makers and analysis of the existing market system.
Despite the growing complexity of the global financial system, existing economic theory remains prone to explaining financial instability after the fact—leaving the structural aspects of derivatives markets, payment systems, and collateral supply chains unexplored. Only when financial crises occur do the details of financial markets become understood by a wider public.
In this series, economist Elham Saeidinezhad takes the lesser known corners of financial markets as her primary point of departure, investigating underlying market microstructures and the people who act within and upon them. Through a combination of original analysis and interviews with market participants, the series opens the way for a nuanced understanding of market stability—and the origins of crisis.
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