Financial innovation : too much or too little? / edited by Michael Haliassos.

Format:

Book

Contributor:

Haliassos, Michael.

Language:

English

Subjects (All):

Financial engineering.

Financial crises.

Finance.

Physical Description:

1 online resource (275 p.)

Edition:

1st ed.

Place of Publication:

Cambridge, Mass. : MIT Press, c2013.

Language Note:

English

Summary:

This text, which includes two contributions from Robert Shiller as well as a discussion of Shiller's 'MacroMarkets' tool, considers the key ingredients of financial innovation from both academia and industry; the postive potential but also the risks of financial innovation and the influence of producers on consumers.

Contents:

Contents; Financial Innovation and Economic Crisis: An Introduction; INVENTORS, PRODUCTS, AND INVESTORS IN FINANCE; 1 Inventors in Finance: An Impressionistic History of the People Who Have Made Risk Management Work; 2 Psychology and the Financial Crisis of 2007 - 2008; 3 Understanding Inflation-Indexed Bond Markets; 4 Crisis and Innovation in the Housing Economy: A Tale of Three Markets; 5 Style Investing; 6 MacroMarkets and the Practice of Financial Innovation; 7 Robert J. Shiller: Innovator in Financial Markets, Winner of the 2009 Deutsche Bank Prize in Financial Economics

FINANCIAL INNOVATION AND CRISIS: PERSPECTIVES FROM POLICY AND PRACTICE 8 Systemic Risk and the Role of Financial Innovation; 9 Financial Markets: Productivity, Procyclicality, and Policy; 10 Financial Innovation: Balancing Private and Public Interests; 11 Market Efficiency, Rational Expectations, and Financial Innovation; Contributors; Name Index; Subject Index

Notes:

Description based upon print version of record.

OCLC-licensed vendor bibliographic record.

Includes bibliographical references and index.

ISBN:

0-262-30456-2

1-283-90637-6

0-262-30549-6

OCLC:

822894363

Publisher Number:

ebc3339553