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Sunday, December 5, 2010

Brilliant Lectures on Finance...

In my spare time I am putting myself through Robert Shiller's course at Yale on Financial Markets...I just finished lecture 5 on insurance.  My main takeaway so far is that financial innovation is very closely related to institutional innovation.  Institutions significantly constrain and shape the types of financial innovations that are possible or achievable.  The link between institutions and finance was not one that I appreciated adequately prior to this course...

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