Posts Tagged ‘financial innovation’

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    JPMorgan Chase and Financial Innovation

    May 11, 12 • 184 Views • Economic History, Financial Markets, Innovation, Money and Monetary Policy, Regulation, UncategorizedNo Comments

    In Boca Raton, Florida, during the early 1990s, a group of JP Morgan bankers gathered for an “offsite” weekend. Have some fun, get some sun, do some brainstorming. They had hoped to create a new product. And they did. Their new product involved...

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    A One-Handed Economist?

    Mar 20, 10 • 113 Views • Economic History, Financial Markets, Innovation, Regulation, Thinking EconomicallyNo Comments

    Let’s not look at CDOs, SIVs, ARMs, TIPs or ATMs. Nor do we need specifically to consider credit default swaps, securitization, hedge funds or venture capital. Instead, we can go to the question that Robert Litan asks at the end of his 47 page Brookings...

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    New Financial Products

    Mar 19, 10 • 101 Views • Financial Markets, Innovation, Thinking EconomicallyNo Comments

    Instead of a garage or a laboratory, think of an office or a conference room. And, rather than a computer or an aircast, imagine a junk bond or a bank account.  All of these products, at one time were invented.   In a recent Brookings article,...