Financial Innovation: Too Much or Too Little? - Hardcover
Prominent economists consider the role of financial innovation in economic crises.
In assigning blame for the recent economic crisis, many have pointed to the proliferation of new, complex financial products―mortgage securitization in particular―as being at the heart of the meltdown. The prominent economists from academia, policy institutions, and financial practice who contribute to this book, however, take a more nuanced view of financial innovation. They argue that it was not too much innovation but too little innovation―and the lack of balance between debt-related products and asset-related products―that lies behind the crisis. Prevention of future financial crises, then, will be aided by a regulatory and legal framework that fosters the informed use of financial innovation and its positive effects on the economy rather than quashing innovation entirely.
The book, which includes two contributions from 2013 Nobe Laureate Robert Shiller as well as a discussion of Shiller's “MacroMarkets” tool, considers the key ingredients of financial innovation from both academia and industry; and how future innovation-lined crises might be avoided.
Contributors
Josef Ackermann, Nicholas C. Barberis, John Y. Campbell, Karl E. Case, Robin Greenwood, Michael Haliassos, Otmar Issing, Alexander Popov, Robert J. Shiller, Andrei Shleifer, Frank R. Smets, Susan J. Smith, Maria Vassalou, Luis M. Viceira
"synopsis" may belong to another edition of this title.
About the Author:
Michael Haliassos holds the Chair of Macroeconomics and Finance at Goethe University and is the editor of Financial Innovation: Too Much or Too Little? (MIT Press).
"About this title" may belong to another edition of this title.
- PublisherMit Pr
- Publication date2012
- ISBN 10 0262018292
- ISBN 13 9780262018296
- BindingHardcover
- Number of pages252
- EditorHaliassos Michael
Top Search Results from the AbeBooks Marketplace
Stock Image
Financial Innovation : Too Much or Too Little?
Seller:
Rating
Book Description Condition: Good. Former library book; may include library markings. Used book that is in clean, average condition without any missing pages. Seller Inventory # 42579501-75
Buy Used
US$ 10.45
Convert currency
Stock Image
Financial Innovation: Too Much or Too Little? (MIT Press)
Seller:
Rating
Book Description Condition: Good. Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc. Seller Inventory # 00050942189
Buy Used
US$ 10.46
Convert currency
Stock Image
Financial Innovation: Too Much or Too Little?
Seller:
Rating
Book Description Condition: Good. Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library, so some stamps and wear, but in good overall condition. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions. Seller Inventory # Z1-I-006-01271
Buy Used
US$ 4.52
Convert currency
Stock Image
Financial Innovation: Too Much or TooHaliassos, Michael
Seller:
Rating
Book Description Condition: Used - Good. Seller Inventory # 9780262018296
Buy Used
US$ 99.75
Convert currency