Smart Money

New York Times Book Review Fascinating... Palmer is a muscular, efficient writer; he relates in-person interviews and statistical evidence with ease and humor. [His] vignettes show how innovation can, and should, involve more than bankers getting rich, playing games and dodging rules. Library Journal This book will satisfy the general reader and investor who wants to see the other side of the coin as it relates to financial innovation. Publishers Weekly [An] eloquent manifesto... This intelligent, balanced study of current innovations in finance does much to exorcise its recent demonization. Robert Shiller, author of Finance and the Good Society Smart Money is an entrancing story about what is new and exciting--but almost invisible for most of us--in twenty-first century finance. A real inspiration for idealistic entrepreneurs, and for members of the finance and insurance profession who have felt humiliated by the financial crisis. Edward Glaeser, author of Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier This engaging and informative book provides a much needed rebuttal to the post-2007 hostility toward all forms of financial innovation. Andrew Palmer takes us on a tour of today's financial innovations, from social impact bonds to peer-to-peer lending, that illustrates the upside of creative finance. This book is crucial (and fun) reading for anyone who wants to understand both sides of the argument about financial regulation. Andrew Haldane, Chief Economist, Bank of England Since the crisis, it has become far easier to bury finance than to praise it. Andrew Palmer has taken the path less followed. Smart Money is both optimistic and compelling as a vision for finance of the future. Dr. Richard Sandor, chairman and CEO of Environmental Financial Products Finance is like a hammer. You can use it to hit someone in the head or to build a house. Fortunately, Andrew Palmer shows us the untold story of financial innovation as a tool for 'building houses.' A very timely and well-written account of how current and future market applications can have a positive social impact in areas such as the environment, health, and education. A must-read for policymakers who need to understand the role of financial innovation as an engine of growth.