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Playing with Fire
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 402 no. 8773 (Feb. 2012)
,
page S3-S5.
Topik:
Financial Innovation
;
Financial Crisis
;
Economic Conditions
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.70
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Financial innovation can do a lot of good, says Andrew Palmer. It is its tendency to excess that must be curbed Financial innovation has a dreadful image these days. Paul Volcker, a former chairman of America's Federal Reserve, who emerged from the 2007-08 financial crisis with his reputation intact, once said that none of the financial inventions of the past 25 years matches up to the ATM. Paul Krugman, a Nobel prize-winning economist-cum-polemicist, has written that it is hard to think of any big recent financial breakthroughs that have aided society. Joseph Stiglitz, another Nobel laureate, argued in a 2010 online debate hosted by The Economist that most innovation in the run-up to the crisis "was not directed at enhancing the ability of the financial sector to perform its social functions".
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