Ballooning Finance: How Financial Innovation Produces Overgrowth and Busts
Via Naked Capitalism: Ballooning Finance: How Financial Innovation Produces Overgrowth and Busts Yves here. It’s a welcome surprise to see economists devise a model that delivers generally sensible results. Here, three economists looked at how financial innovation leads to an bloated financial sector as well as greatly increasing the risk of meltdown. One quibble is […]