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- W1602726774 abstract "After decades of being celebrated as one of the hallmarks and virtues of American-style capitalism, has come onto hard times. Soon after the financial crisis began in 2007 and 2008, certain instruments of recent high finance--the collateralized debt obligation (CDO) and the credit default swap (CDS), as leading examples--were blamed by the media, the public, many policymakers, and even by some top economists for nearly bringing the U.S. and global financial systems and their economies to their knees. It didn't take long for financial innovation more broadly to be condemned." @default.
- W1602726774 created "2016-06-24" @default.
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- W1602726774 date "2010-01-01" @default.
- W1602726774 modified "2023-09-27" @default.
- W1602726774 title "In Defense of Much, but Not All, Financial Innovation" @default.
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