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Franklin Allen and Douglas Gale assemble some of their key papers along with a five-chapter overview that not only synthesizes their work but provides a histori
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Prominent economists consider the role of financial innovation in economic crises.
Comparing Financial Systems
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Why do different countries have such different financial systems? Is one system better than the other? This text argues that the view that market-based systems
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In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since mad
FinTech Innovation
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A survival guide for the FinTech era of banking FinTech Innovation examines the rise of financial technology and its growing impact on the global banking indust