By David Blair for the China Daily/European Weekly.
Nobel-winning economist Robert C. Merton says financial innovation is key to the future of Asia.
By Patrick Cairns. For MoneyWeb.
Editorial published in Le Monde.
Three professors of finance, Lionel Martellini, Robert C. Merton and Arun S. Muralidhar, suggest issuing bonds with maturities and durations that would match the retirement age and life expectancy at retirement.
Business Times: Government and Economy
NBER: New Developments in Long-Term Asset Management Second Annual Conference, London, UK
"Observations on the Role of Finance Science and Financial Innovation in Global Economic Growth and Development"
with Richard Thakor. Forthcoming in the Journal of Financial Intermediation.