Description

In the context of his new book "Finance and the Good Society," Yale economist professor Robert Shiller discusses our joint research work on Continuous Workout Mortgages, where we show how these mortgages should be priced to yield a normal profit for private issuers. By creating such mortgages, issuers would be bringing the financial theory of risk management to the broader public, thereby helping to democratise finance.

http://www.ft.com/cms/s/2/1cc90a5c-87a8-11e1-8a47-00144feab49a.html#ixzz1sheMSNfm