Worth the Risk: Innovation and the Future of Finance
| Author | : | |
| Rating | : | 4.97 (956 Votes) |
| Asin | : | 1422156990 |
| Format Type | : | paperback |
| Number of Pages | : | 130 Pages |
| Publish Date | : | 2016-02-22 |
| Language | : | English |
DESCRIPTION:
Robert C. He is past President of the American Finance Association, and received the Alfred Nobel Memorial Prize in the Economic Sciences in 1997.. Merton is the John and Natty McArthur University Professor at the Harvard Business School
He is past President of the American Finance Association, and received the Alfred Nobel Memorial Prize in the Economic Sciences in 1997.. About the AuthorRobert C. Merton is the John and Natty McArthur University Professor at the Harvard Business School
In clear, accessible language, he demystifies those forces. For example, he shows:-Why the professionals underestimated the riskiness of mortgage-backed securities and corporate loan portfolios.-How the financial innovations that brought home ownership to millions of Americans combined with other benign developments to inject huge, systemic risk into the U.S. stock and residential housing markets. And he suggests innovations that could open the door to security and growth for nations, corporations, and individuals.Engaging and authoritative, Worth the Risk provid