This reading is a part of the syllabus for FRM Part 2 Exam in the section ‘Current Issues in Financial Markets’.

The ebook below is Challenges to Business in the Twenty-First Century. For FRM exam, only chapter 2 - Challenges of Financial Innovation is relevant.

In this chapter, Myron S. Scholes argues that financial innovation has been crucial to the development of a global economy; he asks regulators responding to the collapse to consider the benefits of innovation as well as its costs.

Download PDF - Challenges to Business in the Twenty-First Century