CDOs and the Dimensions of RI???

In recent months I have been pondering the extent to which the dimensions of responsible innovation mentioned in earlier posts were considered in the development of CDOs. The focus on this particular financial innovation derives from its recent classification as toxic and major contribution to the 2007/2008 financial crisis. Despite the lack of secondary data available on the details of the innovation process, the financial crisis inquiry commission report on the CDO machine provides useful insights for me to undertake this analysis. My emerging findings suggest that while some anticipation and reflection occurred in the CDO development process, principles of deliberation and responsiveness were limited. Does this conclusion reflect reality? Can this conclusion be extended to all forms of financial innovation? These questions are still under investigation.

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