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Paper about the global macroeconomic impact of financial innovations

Posted: January 17th, 2014, 1:57 pm
by frenchX
What are the main papers on this topic ? Actually is there any empirical research about it ? (especially the impact of derivatives on macro output such as rates, inflation, growth, employment and so on).

Paper about the global macroeconomic impact of financial innovations

Posted: January 28th, 2014, 10:39 pm
by Alan
I don't know directly, but here is an older, very good read, that is related: An Engine, Not a Camera: How Financial Models Shape Markets