
New Financial Instruments and Institutions
Opportunities and Policy Challenges
- 227 pages
- English
- PDF
- Available on iOS & Android
New Financial Instruments and Institutions
Opportunities and Policy Challenges
About this book
A Brookings Institution Press and Nomura Institute of Capital Markets Research publicationNew financial instrumentsāsuch as structured financial products and exchange-traded fundsāand new financial institutionsāincluding hedge funds and private-equity fundsāpresent opportunities as well as policy and regulatory challenges in U.S. and Japanese financial markets. This book presents cutting-edge research from experts in academia and the financial industry on new instruments and new institutions while contrasting their developments in the different countries.The contributors highlight the innovative way in which Japanese financiers and government officials have learned from the U.S. regarding the introduction of new instruments into their market. New Financial Instruments and Institutions continues the productive collaboration between the Brookings Institution and the Nomura Institute of Capital Markets Research in examining current issues in capital and financial markets.Contributors include Jennifer Bethel (Babson College),Todd Broms (Managed ETFs, LLC), Frank Edwards (Columbia Business School), Allen Ferrell (Harvard Law School),Yasuyuki Fuchita (Nomura Institute of Capital Markets Research), Gary Gastineau (Managed ETFs, LLC), Ken Lehn (University of Pittsburgh), Josh Lerner (Harvard Business School), Frank Partnoy (University of San Diego Law School), Adam Posen (Institute for International Economics), Ken Scott (Stanford Law School), Steve G. Segal (Boston University, J.W. Childs Associates),Yuta Seki (Nomura Institute of Capital Markets Research, New York), Erik Sirri (Babson College), and Randall Thomas (Vanderbilt Law School).
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Information
Table of contents
- Front Cover
- Title Page
- Copyright Page
- Table of Contents
- Preface
- Chapter 1: Introduction
- Chapter 2: ETFs and REITs in Japan: Innovation and Steps for Future Growth
- Chapter 3: Securitization of Residential Mortgages: Can Japan Create a "Good" GSE?
- Comment on Chapters 2 and 3
- Chapter 4: Gap Filling, Hedge Funds, and Financial Innovation
- Chapter 5: The Rise of the U.S. Private Equity Market
- Comment on Chapters 4 and 5
- Chapter 6: Policy Issues Raised by Structured Products
- Chapter 7: The Development of Improved Exchange-Traded Funds in the United States
- Comment on Chapters 6 and 7
- Contributors
- Index
- Back Cover