Professor Robert Merton of the Harvard Business School. (Photographer: Adam Rountree/Bloomberg News)

Need To Rebuild Trust In Financial Markets, Says Nobel Laureate Professor Robert Merton

Nobel laureate Robert Merton has emphasised the need to build trust in financial markets.

In a freewheeling chat with professor Jayanth Varma of IIM Ahmedabad, Merton highlighted the need for governments, regulators and even rating agencies to rebuild the trust of investors with transparency and accountability.

The M.I.T. professor also spoke about the benefits of a global financial system, building a diversified global portfolio and limiting capital controls in financial markets as he says “there is no risk-free asset class in the world.”

Watch the entire conversation here:

Also Read: Nobel Laureate Robert Merton’s New Retirement Plan: Take ‘SeLFIES’

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