In assigning blame for the recent economic crisis, many have pointed to theproliferation of new, complex financial products--mortgage securitization in particular--as being atthe heart of the meltdown. The prominent economists from academia, policy institutions, andfinancial practice who contribute to this book, however, take a more nuanced view of financialinnovation. They argue that it was not too much innovation but too little innovation--and the lackof 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 thatfosters the informed use of financial innovation and its positive effects on the economy rather thanquashing innovation entirely.
The book, which includes two contributions from 2013Nobe 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 howfuture innovation-lined crises might be avoided.
ContributorsJosef Ackermann, Nicholas C. Barberis, John Y.Campbell, Karl E. Case, Robin Greenwood, Michael Haliassos, Otmar Issing, Alexander Popov, Robert J.Shiller, Andrei Shleifer, Frank R. Smets, Susan J. Smith, Maria Vassalou, Luis M. Viceira
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.
外文書商品之書封，為出版社提供之樣本。實際出貨商品，以出版社所提供之現有版本為主。部份書籍，因出版社供應狀況特殊，匯率將依實際狀況做調整。
無庫存之商品，在您完成訂單程序之後，將以空運的方式為你下單調貨。為了縮短等待的時間，建議您將外文書與其他商品分開下單，以獲得最快的取貨速度，平均調貨時間為1~2個月。
為了保護您的權益，「三民網路書店」提供會員七日商品鑑賞期(收到商品為起始日)。
若要辦理退貨，請在商品鑑賞期內寄回，且商品必須是全新狀態與完整包裝(商品、附件、發票、隨貨贈品等)否則恕不接受退貨。
