Modeling of Financial Innovations in Banking Sector

Anna S. Krupkina ()
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Anna S. Krupkina: National Research University Higher School of Economics, Moscow 101000, Russia

Finansovyj žhurnal — Financial Journal, 2014, issue 1, 91-100

Abstract: Innovative financial services foster both financial and real sector development. The research paper introduces multiperiod model of financial innovations, based on Harold HotellingХs approach (model of a linear city). This model allows to identify factors incentivizing banks for creation new quality services and to comprehend what consumer groups are able to enhance innovative activity of banks.

Keywords: financial innovation; Hotelling model; innovator; imitator (search for similar items in EconPapers)
JEL-codes: G21 O31 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:140110:p:91-100

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