Financial Innovation: Too Much or Too Little? (Mit Press) - Softcover

Haliassos, Michael

Softcover

ISBN 10: 0262526727 ISBN 13: 9780262526722

Verlag: MIT Press, 2014

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 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.

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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: 2014
• Sprache: Englisch
• ISBN 10: 0262526727
• ISBN 13: 9780262526722
• Einband: Taschenbuch
• Anzahl der Seiten: 280
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar