Financial Innovation

Ebook Tittle:Financial Innovation

By:"Michael Haliassos"

Category:"Business & Economics"

Language: en

Published on 2013 by MIT Press

The prominent economists from academia, policy institutions, and financial practice who contribute to this book, however, take a more nuanced view of financial innovation.

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 it entirely. The book, which includes two contributions from Robert Shiller as well as a discussion of Shiller's \

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This Book was ranked 24 by Google Books for keyword financial.