Has Financial Development Made the World Riskier?
By Barry Ritholtz - January 3rd, 2009, 4:00PM
As noted earlier this week (“No One Saw It Coming” — REALLY?), in August 2005, professor Raghuram G. Rajan presented a paper at Jackson Hole, Wyo. (the year they were honoring Alan Greenspan). The University of Chicago’s Professor at the Booth Graduate School of Business deliver a paper titled “Has Financial Development Made the World Riskier? (below)
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