Financial Innovation and Current Trends in U.S. Financial Markets
This paper discusses recent developments in U.S. financial markets and provides an economic analysis of why various recent financial innovations have occurred. This will not only provide us with s better understanding of existing financial markets in the United States and why they have been undergoing so much change in recent years, but it also may provide us with clues as to where our financial system may be heading.
|Date of creation:||Apr 1990|
|Date of revision:|
|Publication status:||published as U.S.-Japan Economic Forum, Vol. 1, pp. 63-77, (1990).|
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- Henry Kaufman, 1986. "Debt: the threat to economic and financial stability," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 15-26.
- Henry Kaufman, 1986. "Debt: the threat to economic and financial stability," Economic Review, Federal Reserve Bank of Kansas City, issue Dec, pages 3-11.
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- Ben S. Bernanke & John Y. Campbell, 1988. "Is There a Corporate Debt Crisis?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 19(1), pages 83-140.
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