Is Financial Innovation Good for the Economy?
There has been a great deal of financial innovation in recent decades but its social value is unclear. In the run-up to 2008, banks took large amounts of risk relative to the size of the economy. This approach was made possible by and sometimes justified in terms of "innovation." But it al...
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| Format: | Article |
| Language: | English |
| Published: |
University of Chicago Press,
2019-03-08T17:23:30Z.
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| Subjects: | |
| Online Access: | Get fulltext |