Values in Exchange: Ambiguous Ownership, Collective Action, and Changing Notions of Worth in Romanian Mutual Fund Industry

Narcis Tulbure

MPRA Paper from University Library of Munich, Germany

Abstract: This paper analyzes the political disputes and legal contentions occasioned by the process of regulatory reform undergone by Romanian mutual fund industry. Stirred by Romania’s accession into the European Union in 2007 and prompted by the numerous financial scandals affecting the market right from its creation in 1994, the reform is meant as a reconfiguration of the investment philosophy characterizing the capital market. My claim is that the uneasy reception of the new institutional arrangement is related to the shifting premises for the formation of value and the deeper changes in the prevalent conceptions of worth associated with Romania’s economic transition.

Keywords: financial regulation; mutual funds; anthropology of finance (search for similar items in EconPapers)
JEL-codes: G28 G38 P37 P4 Z1 (search for similar items in EconPapers)
Date: 2008-10-21
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:14087

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