Study identifies upside to financial innovations
Wednesday, August 27, 2014 - 10:00
in Mathematics & Economics
Financial innovations can make or break an economy. While the negative impact of financial innovation has been extensively covered, a new study of financial innovations before and during the last financial crisis indicates that financial innovations are not all bad. Many provide positive returns, especially in the United States. However, those that are easy for consumers to understand provide the best returns for investors.