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Financial Innovation and Risk Sharing

4/5 ( ratings)

Franklin Allen and Douglas Gale's work has included the study of financial innovation, developing economic models to address the question of whether the market provides institutions and opportunities for individuals to share risks efficiently. In this book the authors assemble some of their key papers along with a five-chapter overview that synthesizes their work and provides a historical and institutional review and also a discussion of alternative approaches.

Language: English

Pages: 379

Format: Hardcover

Publisher: MIT Press (MA)

Release: April 10, 1994

ISBN: 0262011417

ISBN 13: 9780262011419

Financial Innovation and Risk Sharing

4/5 ( ratings)

Franklin Allen and Douglas Gale's work has included the study of financial innovation, developing economic models to address the question of whether the market provides institutions and opportunities for individuals to share risks efficiently. In this book the authors assemble some of their key papers along with a five-chapter overview that synthesizes their work and provides a historical and institutional review and also a discussion of alternative approaches.

Language: English

Pages: 379

Format: Hardcover

Publisher: MIT Press (MA)

Release: April 10, 1994

ISBN: 0262011417

ISBN 13: 9780262011419

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