Radical Financial Innovation

Radical financial innovation is the development of new institutions and methods that permit risk management to be extended far beyond its former realm, covering important new classes of risks. This paper compares past such innovation with potential future innovation, looking at the process that produced past success and the possibilities for future financial innovation.

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Year of publication:	2004-04
Authors:	Shiller, Robert J.
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Risk management \| Institutions \| Incomplete markets \| Livelihood insurance \| Behavioral finance \| Livelihood risks \| Home equity insurance \| Country risks

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Eytan Sheshinski, Robert J. Strom, and William J. Baumol, eds., Entrepreneurship, Innovation and the Growth Mechanism of the Free Market Economies, Princeton University Press, 2006, pp. 306-323 The price is None Number 1461 28 pages
Classification:	G10 - General Financial Markets. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005093926