Publications

to

2008 Financial Crisis: A Ten-Year Review

November 2018 | | Presentations
From the ARFE-MIT-NYU Conference

Trust and the Future of Finance

November 8-9 2018 | Financial Innovation | Lectures, Presentations
The financial crisis led to a loss of trust in providers, regulators, and financial innovation among consumers, Merton observes. Some have proposed technology can stand in for trust, but he says fintech cannot create trust or succeed without it. Two things, however, can substitute for trust: verification and transparency. Some forms of fintech can provide verification, but financial advice tends to be opaque rather than transparent. Merton also discusses data showing retail investors as less satisfied with cost disclosures and performance from active portfolio managers than institutional investors.

Finance Science, Financial Innovation and Long-Term Asset Management

May 19 2017 | Miscellaneous | Presentations
NBER: New Developments in Long-Term Asset Management Second Annual Conference, London, UK

Donald Sussman Fellowship Award Lecture Series

March 16, October 2, December 11 2017 | Miscellaneous, Retirement Planning | Presentations
"Observations on the Role of Finance Science and Financial Innovation in Global Economic Growth and Development"

Customers and Investors: A Framework for Understanding the Evolution of Financial Institutions

October 2017 | Miscellaneous | Paper
with Richard Thakor. Forthcoming in the Journal of Financial Intermediation.

Observations of Financial Innovation, Finance Science and Derivative Markets in Global Economic Growth & Development

October 6 2017 | Financial Innovation | Slide Presentations
Slide presentation at the UMASS Center for International Securities and Derivatives Markets