Journal of Economics

, Volume 125, Issue 1, pp 101–103 | Cite as

Arjalies, Diane-Laure et al.: Chains of finance: how investment management is shaped

Oxford University Press, Oxford, UK, 2017, 174 pp, Hardcover, 30.00£
  • Olivia BosshartEmail author
Book Review

The book “Chains of Finance: How Investment Management is Shaped” opens with a quote from 2014 stating, that “we may be entering the age of asset management” by Andrew Haldane, the then Bank of England’s Director of Financial Stability. And the finance and investment industry is not only of enormous size, but the number of market players is growing with it. Around a $100 trillion, approximately the equivalent in value to a year of total global economic output or 40% of global financial assets, are managed by investment management. This number and its large impact on the economy and society, serves as the background to the book. The authors Diane-Laure Arjaliès, Philip Grant, Iain Hardie, Donald MacKenzie and Ekaterina Svetlova quite rightly claim that in order to understand financial markets it is important to analyze and see through the mechanisms and entanglements throughout the industry. So they set out to have a closer look on how the investment industry, controlling and...

Copyright information

© Springer-Verlag GmbH Austria, part of Springer Nature 2018

Authors and Affiliations

  1. 1.KIONZurichSwitzerland

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