Financial Innovation

Higher Savings, Lower Returns: The Unacknowledged Externalities of Financial Innovation

December 9, 2015

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Kelli Pirtle

New research shows how innovation in finance may increase the aggregate demand for investments over time, yet lower the expected return on assets.
Will Basel III Help or Hurt?

April 24, 2012

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Angshuman Gooptu

Will new regulations make the financial system safe or just ineffective?