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 (xxii, 252 pages) : illustrations

Place of Publication:

Cambridge, Mass. : MIT Press, [2013]

System Details:

text file

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:

Inventors, Products, And Investors In Finance

1 Inventors in Finance: An Impressionistic History of the People Who Have Made Risk Management Work / Robert J. Shiller Shiller, Robert J. 3

2 Psychology and the Financial Crisis of 2007-2008 / Nicholas C. Barberis Barberis, Nicholas C. 15

3 Understanding Inflation-Indexed Bond Markets / John Y. Campbell Campbell, John Y., Robert J. Shiller Shiller, Robert J., Luis M. Viceira Viceira, Luis M. 29

4 Crisis and Innovation in the Housing Economy: A Tale of Three Markets / Susan J. Smith Smith, Susan J. 71

5 Style Investing / Nicholas C. Barberis Barberis, Nicholas C., Andrei Shleifer Shleifer, Andrei 103

6 Macro Markets and the Practice of Financial Innovation / Robin Greenwood Greenwood, Robin, Luis M. Viceira Viceira, Luis M. 149

7 Robert J. Shiller: Innovator in Financial Markets, Winner of the 2009 Deutsche Bank Prize in Financial Economics / Karl E. Case Case, Karl E. 171

Financial Innovation And Crisis: Perspectives From Policy And Practice

8 Systemic Risk and the Role of Financial Innovation / Otmar Issing Issing, Otmar 185

9 Financial Markets: Productivity, Procyclicality, and Policy / Alexander Popov Popov, Alexander, Frank R. Smets Smets, Frank R. 191

10 Financial Innovation: Balancing Private and Public Interests / Josef Ackermann Ackermann, Josef 213

11 Market Efficiency, Rational Expectations, and Financial Innovation / Maria Vassalou Vassalou, Maria 231.

Notes:

OCLC-licensed vendor bibliographic record.

ISBN:

0262305496

9780262305495

OCLC:

822894363

Publisher Number:

ebc3339553

Access Restriction:

Restricted for use by site license.