{"product_id":"haliassos-michael-financial-innovation-too-much-or-too-little-9780262018296","title":"Financial Innovation: Too Much or Too Little?","description":"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 Shiller?s ?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.","brand":"PAPERBACKSHOP UK IMPORT","offers":[{"title":"Default Title","offer_id":53673016656214,"sku":null,"price":0.0,"currency_code":"EUR","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0925\/5829\/5382\/files\/product_image_9780262018296_1.jpg?v=1781741991","url":"https:\/\/www.momoxbooks.com\/products\/haliassos-michael-financial-innovation-too-much-or-too-little-9780262018296","provider":"momoxbooks","version":"1.0","type":"link"}