Yadav Publishes First Book – Hobart and William Smith Colleges \
The HWS Update

Yadav Publishes First Book

Assistant Professor of Political Science Vikash Yadav’s first book, “Risk in International Finance,” has recently been published by Routledge. Stemming from his doctoral dissertation at the University of Pennsylvania, the book examines the evolution of the concept of risk in the international monetary order since the end of World War II. “Risk in International Finance” uses post-structural methodology inspired by the writings of Michel Foucault in an attempt to document some of the consequences of risk in the lives of the poor in developing countries. The book puts forth a possible pathway to break the pattern of financial crises that punctuate the contemporary international monetary order. “This project was as an attempt to understand the link between the multi-trillion dollar market in abstract financial contracts and the daily lives of the poor in Asia in the wake of the 1997-98 Asian Financial Crisis,” he explains. “I wanted to show how efforts to deregulate risk management instruments at the center of the international financial system can directly impact the lives and livelihood of those at the margins of the global economy.” In preparation for the dissertation and eventually the book, Yadav spent several years collecting research, interviewing and compiling data from the International Monetary Fund, World Bank, Bank of England, Financial Services Authority, the Bank for International Settlements, London Stock Exchange, Deutsche Borse, the International Federation of Stock Exchanges (FIBV) and at Oxford University. In spring 2009, Yadav will teach a new course at the Colleges, focusing on states and markets, based, in part, on the research for his book. “In the classroom, one of my main objectives is to make the politics of the struggles between market actors, states and international financial institutions legible to students,” Yadav says. “I believe that my extensive research on the mechanics of the monetary order help me to better explain the politics embedded within technical financial regulations and abstract financial instruments.” Yadav joined the faculty in 2007. He earned his B.A. at DePauw University and his M.A. at the University of Chicago. He completed his Ph.D. in Political Science at the University of Pennsylvania. He also attended Oxford University as a Queen Elizabeth visiting scholar. He has previously taught at the University of Pennsylvania, Bryn Mawr College, the American University in Cairo and Mount Holyoke College.