An abstract:
Despite its fast computers and credit derivatives, the current financial system does not seem better at transferring funds from savers to borrowers than the financial system of 1910.
Phillipon notes that while finance has grown rapidly as a share of GDP, stock prices have become no more informative of future cash flows, and risk sharing has not improved. But as Paul Volker might say, at least we have the ATM now.
I like this blog very much. I want to add some real estate project information with the help of your blog click hear sikka kaamna greens
ReplyDeleteI also think that you should have to add some more information in this blog.
ReplyDeleteTraining Rooms
Appreciate it for all your efforts that you have put in this. Very interesting information. Thanks you so much for sharing! Mortgage Broker Vancouver
ReplyDelete