NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Henry Hu

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NBER Working Papers and Publications

August 2011Systemic Risk and Financial Innovation: Toward a "Unified" Approach
in Quantifying Systemic Risk, Joseph G. Haubrich and Andrew W. Lo, editors
This chapter, which presents the keynote address during the National Bureau of Economic Research conference held in Cambridge, Massachusetts, on November 6, 2009, revolves around the following question: What is the proper approach for understanding the critical relationship between systemic risk and modern financial innovation? It explores a "unified" approach, one that comprehends the underlying innovation process and an eclecticism as to academic and local knowledge.
 
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