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Written by AIER Research Staff
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Friday, 12 December 2008 00:00 |
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Sophisticated financial products such as mortgage-backed securities have taken the blame for the current financial crisis. But these instruments, which are designed to spread risk, play an important function in fostering economic prosperity.
In AIER’s December 15 Research Reports, Donald R. Chambers, the Walter E. Hanson/KPMG Professor of Finance at Lafayette College, de-mystifies the complex market in financial derivatives. In clear, easy-to-understand prose, Chambers outlines the case for the derivatives and why they should remain unregulated. To subscribe to the Economic Bulletin, please become a Sustaining Member of AIER. Membership starts at just $39 per year.
Already a member? Keep your eye out for the January issue of Economic Bulletin hitting your mailbox soon.
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