Financial Innovation: Too Much or Too Little? (The MIT Press) - Hardcover

Hardcover

ISBN 10: 0262018292 ISBN 13: 9780262018296

Verlag: MIT Press, 2012

Inhaltsangabe

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 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. The book, which includes two contributions from Robert Shiller as well as a discussion of Shillers MacroMarkets tool, considers the key ingredients of financial innovation from both academia and industry; the positive potential but also the risks of financial innovation and the influence of producers on consumers; rationality- and behavioral-based viewpoints on the causes of the recent crisis; the link between the cycle of financial innovation and financial crisis; and how future innovation-linked crises might be avoided.

Über diesen Titel

Über die Autorin bzw. den Autor

Michael Haliassos is Professor and Chair of Macroeconomics and Finance at Goethe University Frankfurt, Director of the Center for Financial Studies and of the Center of Excellence SAFE, and Research Fellow at the Center for Economic Policy Research (CEPR). He is a coeditor of Household Portfolios (MIT Press) and Stockholding in Europe.

Details zur Ausgabe

• Verlag: MIT Press
• Erscheinungsdatum: 2012
• Sprache: Englisch
• ISBN 10: 0262018292
• ISBN 13: 9780262018296
• Einband: Gebundene Ausgabe
• Anzahl der Seiten: 272
• Herausgeber: Haliassos Michael
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar