Topics covered include:
- The Evolution of Finance
- A Framework for Financial Innovation: Managing Capital Structure
- Innovations in Business Finance
- Innovations in Housing Finance
- Environmental Finance: Innovating to Save the Planet
- Financing the Developing World
- Financing Cures
- The Black Scholes Formula
The book offers a practical toolbox for entrepreneurs, corporate executives and policymakers. "Financing the Future: Market-Based Innovations for Growth" presents clear, thorough discussions of the current role of financial innovation in capitalizing businesses, industries, breakthrough technologies, housing solutions, medical treatments and environmental projects. It also presents a full chapter of lessons learned: essential insights for stabilizing the economy and avoiding pitfalls.
What others have said about "Financing the Future: Market-Based Innovations for Growth":
"Allen and Yago demonstrate clearly the importance of the interaction of theory and experience in explaining the evolution of financial innovations." -- Myron S. Scholes, Nobel Laureate in Economics, 1997, and Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University
"Despite its role in the recent economic crisis, financial innovation, wisely used, can play a crucial role in solving some of the world's most pressing problems, particularly by delivering sustainable growth and economic development. Allen and Yago's compelling, contrarian analysis punctures the current gloom about finance, and shows how its creativity can make a huge, positive difference." -- Matthew Bishop, New York Bureau Chief of The Economist and co-author of "Philanthrocapitalism" and "The Road From Ruin: How to Revive Capitalism and Put America Back on Top"
"From housing to microfinance to drug development, Allen and Yago explore the important role financial innovation plays around the world. The authors prove in plain English the vital role creative finance played in building America and why stifling innovation poses a risk to our financial future." -- Brian Sullivan, Fox Business Network