Micro and macroeconomic effects of financial innovation in a domestic and international perspective
This paper is focused on the rise and the fall of structured finance, derivatives, and asset-backed securities. Special focus is made on the attempts of the banking sector to improve the economic performance, particularly the ROE, by creating, acquiring, and selling derivatives. The possible outcome of public intervention to rescue the financial sector is finally discussed
Financial crisis, Financial innovation, Macroeconomic effects, Structured finance, Settore SECS-P/01 - Economia Politica
Publisher: 'Springer Science and Business Media LLC'
DOI identifier: 10.1007/s12232-009-0071-z
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