Randall S Kroszner: Recent innovations in credit markets (Central Bank Articles and Speeches)
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چکیده
I am delighted to be the opening speaker at this Credit Markets Symposium. The time certainly is ripe for an open dialogue among market participants, risk-management professionals, and policymakers. Credit markets have been evolving very rapidly in recent years. New instruments for transferring credit risk have been introduced and loan markets have become more liquid. Asset managers have become an important force in a wider range of credit markets. Taken together, these changes have transformed the process through which credit demands are met and credit risks are allocated and managed.
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