Fifth Annual JRCPPF Conference
FINANCIAL INNOVATION AND THE MACROECONOMY
What are the macroeconomic and policy implications of new markets and instruments? Can financial innovation make markets more efficient, or does it increase financial instability? The JRCPPF Fifth Annual Conference took a close look at mortgage design, sovereign debt design, and bank debt design (such as cocos and other derivatives), among other topics.
Lord Adair Turner, former chairman of Britain's Financial Services Authority and author of the new book "Between Debt and the Devil," was the conference's keynote speaker.