The Economist: Financial Innovation
Playing with Fire
Published on 1. April 2012
50 pages
978-0-241-96313-5 (ISBN)
Description
The Penguin Economist Special reports delve into the most pressing economic issues of the day: from national and global economies, to the impact of trade, industry and jobs. Written to be read on a long commute or in your lunch hour - be better informed in under an hour.
Is financial innovation good or bad?
Did it cause the financial crisis of 2007/2008?
Are the current financial systems working for a stable global economy?
Andrew Palmer answers these questions in his special report, but urges that it's more that just a debate on whether financial innovation does or doesn't work. In fact, he claims, it is almost impossible to draw these distinctions.
Using a variety of examples - from social bonds to securitisations risks - he highlights the weaknesses in innovative strategies, revealing how some innovation is doomed to failure.
The consequences of innovation are now so crucial and so scrutinised - it is essential reading for anyone in the business world.
Sections include:
Playing with fire
The ferment of finance
The little guy
From vanilla to rocky road
The fast and furious
Of plumbing and promises
On the side of the angels
Safety first
Is financial innovation good or bad?
Did it cause the financial crisis of 2007/2008?
Are the current financial systems working for a stable global economy?
Andrew Palmer answers these questions in his special report, but urges that it's more that just a debate on whether financial innovation does or doesn't work. In fact, he claims, it is almost impossible to draw these distinctions.
Using a variety of examples - from social bonds to securitisations risks - he highlights the weaknesses in innovative strategies, revealing how some innovation is doomed to failure.
The consequences of innovation are now so crucial and so scrutinised - it is essential reading for anyone in the business world.
Sections include:
Playing with fire
The ferment of finance
The little guy
From vanilla to rocky road
The fast and furious
Of plumbing and promises
On the side of the angels
Safety first
More details
Series
Edition
Digital original
Language
English
Place of publication
London
United Kingdom
Target group
College/higher education
Professional and scholarly
Edition type
Digital original
File size
0,36 MB
ISBN-13
978-0-241-96313-5 (9780241963135)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Andrew Palmer joined The Economist as Management Correspondent in February 2007, became Banking Correspondent in September 2007 and Finance Editor in June 2009. Prior to this he was at the Economist Intelligence Unit, a sister company, where, among other roles, he led the editorial team conducting bespoke research programmes, surveys and reports. Mr Palmer is a frequent commentator on radio and television.
