Document Type
Discussion Paper
Publication Date
4-1-2004
CFDP Number
1461
CFDP Pages
28
Abstract
Radical financial innovation is the development of new institutions and methods that permit risk management to be extended far beyond its former realm, covering important new classes of risks. This paper compares past such innovation with potential future innovation, looking at the process that produced past success and the possibilities for future financial innovation.
Recommended Citation
Shiller, Robert J., "Radical Financial Innovation" (2004). Cowles Foundation Discussion Papers. 1737.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1737