Tuesday, August 3, 2010

Financing the Future: Market-Based Innovations for Growth

Financing the Future: Market-Based Innovations for Growth

A New Book by Franklin Allen and Glenn Yago

Financing the Future: Market-Based Innovations for Growth is available from Wharton School Publishing, Amazon and Barnes and Noble.

Beginning with the global financial shocks of 2008, critics have been all too eager to break out torches and pitchforks in a fit of financial luddism, threatening to ban financial innovations such as securitization and derivatives.

A new book from the Milken Institute and Wharton School Publishing, Financing the Future: Market-Based Innovations for Growth, seeks to move beyond the noise and reclaim the concept of financial innovation. It lays out the historical significance of financial innovation and its role in finding solutions for business, housing markets, environmental finance, the developing world and medical research.

Financing the Future crystallizes the lessons of the recent crisis, offering essential insights for stabilizing the economy and avoiding pitfalls. Readers will learn about:

  • Distinguishing genuine innovation from dangerous copycats
  • Crafting sustainable financial innovations that add value and manage risk
  • Selecting the right instruments and structures
  • Specific innovations for business, housing and medical research
  • The power of finance to protect natural resources and alleviate global poverty


Listen to Knowledge@Wharton's podcast with co-author Franklin Allen.

What others have said aboutFinancing the Future: Market-Based Innovations for Growth:

"From housing to microfinance to drug development, Allen and Yago explore the important role financial innovation plays around the world. The authors prove in plain English the vital role creative finance played in building America and why stifling innovation poses a risk to our financial future."
- Brian Sullivan, Fox Business Network

"Allen and Yago demonstrate clearly the importance of the interaction of theory and experience in explaining the evolution of financial innovations."
- Myron S. Scholes, Nobel Laureate in Economics, 1997, and Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University

Franklin Allen

Glenn Yago

Franklin Allen

Glenn Yago

MI Forum with
Franklin Allen and Glenn Yago
August 3, 2010
4:30 p.m. - 6:00 p.m.
Milken Institute

Milken Institute
1250 Fourth Street
Santa Monica, CA 90401

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