kaal:claim:1428387-029

Limiting the use of hard-to-value assets and complex financial products is very unlikely to have positive effects, because the implicit inhibition of financial innovation would probably limit investors' use of hedging products and interfere with economic expansion.

assets. It is very unlikely that limiting the use of financial instruments will have positive effects. The implicit inhibition of financial innovation would probably limit investors' use of hedging products and interfere with economic expansion.232

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009), VI.A Limitation on the Use of Hard-to-Value Assets and Financial Products, p. 48
https://ssrn.com/abstract=1428387 · source PDF

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387

• where regulators respond to systemic risk by restricting instrument use

failuresupport: arguedfailure: innovation-inhibitionfamily: innovation-chillinginnovation

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