ABSTRACT
One alternative to the performativity thesis is to approach currency markets not from the perspective of economists’ framings, but from the perspective of historically formed market structures, knowledge cultures and endogenous trading practices. One might wonder whether focussing on the distinctive characteristics of a particular market is actually plausible for the case of foreign exchange: it has often been treated as infrastructure for conducting international transactions in other markets or as by-product of international monetary regimes. 1 In this chapter, I largely draw on the sociology of markets, and on the few existing sociological studies of foreign exchange markets, in order to make my approach more plausible.
