What is Merton's research on financial innovation about?
Blockchain
Changing dynamics in financial institutions
Green finance
Insurance markets
Answer
Merton's research on financial innovation focuses on the evolving dynamics within financial institutions. He examines how these institutions adapt to changing market conditions and technological advancements, leading to the creation of new financial products and services. Merton's work highlights the role of financial innovation in shaping the financial landscape and its impact on risk and return.
Mastering Merton: A Deep Dive into the Legacy of Robert C. Merton
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