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Financial Innovation Too Much or Too Little 1st Edition by Michael Haliassos 0262305496 9780262305495

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Financial Innovation Too Much or Too Little 1st Edition Michael Haliassos Digital Instant Download

Author(s): Michael Haliassos; Otmar Issing; Robert J. Shiller; Nicholas C. Barberis; John Y. Campbell; Luis M. Viceira; Susan J. Smith; Andrei Shleifer; Robin Greenwood; Karl E. Case
ISBN(s): 9780262305495, 0262305496
Edition: 1
File Details: PDF, 4.01 MB
Year: 2012
Language: english
SKU: EB-51403284 Category: Tags: , , , , , , , , ,

Financial Innovation Too Much or Too Little 1st Edition by Michael Haliassos – Ebook PDF Instant Download/Delivery: 0262305496, 9780262305495

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Product details:

ISBN 10: 0262305496 

ISBN 13: 9780262305495

Author: Michael Haliassos

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.

The book, which includes two contributions from 2013 Nobe Laureate Robert Shiller as well as a discussion of Shiller’s “MacroMarkets” tool, considers the key ingredients of financial innovation from both academia and industry; and how future innovation-lined crises might be avoided

Table of contents:

  1. Inventors in Finance

  2. Psychology and the Financial Crisis of 2007–2008

  3. Understanding Inflation-Indexed Bond Markets

  4. Crisis and Innovation in the Housing Economy

  5. Style Investing

  6. MacroMarkets and the Practice of Financial Innovation

  7. Robert J. Shiller: Innovator in Financial Markets

  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

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Tags: Michael Haliassos, Financial, Innovation, Much