Support for Artificial Risk in the financial market is based on a previous work done by Jens Krause(2011) which provides an indirect perception of such a risk in carbon market pricing.

See the article: Jens Krause: (2011) Artificial market risks in the European carbon market and their implications

http://www.usaee.org/usaee2011/submissions/OnlineProceedings/Krause%20(2011)%20Artificial%20market%20risks%20in%20the%20European%20carbon%20market%20and%20their%20implications_conference%20proceedings.pdf  My above article concerning this topic "Artificial Risk" is derived from the terminology provided in Krause's paper which though is not related to the hedging instruments and exotic vehicles, but that definitely provides us with a new kind of risk in the market.