Neglected Risks, Financial Innovation, and Financial Fragility
Published Date
Copyright 2012
DOI 10.1016/j.jfineco.2011.05.005
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Copy CitationNicola Gennaioli, Andrei Shleifer, and Robert Vishny, Market Institutions and Financial Market Risk (Journal of Financial Economics 104 (3), 2010), https://www.nber.org/books-and-chapters/market-institutions-and-financial-market-risk/neglected-risks-financial-innovation-and-financial-fragility.Download Citation
Published From Paper
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Working Paper
We present a standard model of financial innovation, in which intermediaries engineer securities with cash flows that...
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