Detail Such Seething Brains, Such Shaping Fantasies; Financial Innovation   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8773 (Feb. 2012), page 12. Topik: Financial Crisis; America's Financial System; Investors Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.70 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Once it was Alan Greenspan's view of financial innovation that held sway. The former chairman of the Federal Reserve believed that new techniques and products made America's financial system more resilient. Securitisation--the bundling of mortgages into securities that were sold to investors--diversified and dispersed risk. Credit-default swaps (CDSs) cushioned lenders from shocks. Now the view of Paul Volcker, Mr Greenspan's predecessor, is much more in tune with the times. He has implied that nothing useful has come out of finance since the ATM. Far from preventing the 2008 crisis, the inventions of Wall Street's finest stand accused of exacerbating it by making instruments too complex to value, by spreading uncertainty over where toxic assets sat and by concentrating risk. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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