Smart money
Subtitle: how high-stakes financial innovation is reshaping our world--for the better
By: Andrew Palmer
Publisher: Basic Books
Published: 2015
Language: eng
Number of pages: 285
ISBN-13: 9780465064724
Subjects: Technological innovations; Banks and banking; Finance
Description: "Six years after the financial crisis, bankers and other Wall Street types remain villains in the public mind. The standard critique says that they wrecked the economy and destroyed people's savings, and never adequately paid for their crimes. But as Economist editor Andrew Palmer reveals in Smart Money, this detested industry is not only capable of doing great good for society, but offers the most powerful means we have for solving some of our most intractable social problems. Drawing on interviews with leading financiers and a new breed of financial entrepreneurs, Palmer provides a sweeping account of the history, present, and future of financial innovation, arguing that we need it more today than ever before"--
Notes: Includes bibliographical references (pages 253-265) and index.
Table of contents: title: Lessons badly learned. Handmaid to history; title: From breakthrough to meltdown; title: The most dangerous asset in the world; title: A force for good. Social-impact bonds and the shrinking of the state; title: Live long and prosper; title: Equity and the license to dream; title: Peer-to-peer lending and the flaws of finance; title: The edge: reaching the marginal borrower; title: Tail risk: pricing the probability of mayhem.