Question: What is one of the negative effects of the rise of 'new finance' in the last four decades? Financial products have become simpler and more
What is one of the negative effects of the rise of 'new finance' in the last four decades?
Financial products have become simpler and more transparent.
The financial system has become easier to regulate.
Financial firms have created asset bubbles, obscured their unsustainability, and caused economic crises.
Financial firms have struggled to generate profits.
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