banking regulation
capitalism
economics
MIT
nobel prize
Does more information in a market = a better functioning market? Sounds true – but not always, according to the latest work from MIT Nobel Laureate Bengt Holmström. After reviewing this blog post, Professor Holstrom had the following comments: I want to avoid the (commonly) mistaken impression that I’m saying financial market liquidity doesn’t require …
Continue reading “Counterintuitive Takeaways from an MIT Nobel Laureate’s Research”