Thoughts about Financial Innovation

Josh Lerner and Peter Tufano

Chapter 19 in Achieving Financial Stability:Challenges to Prudential Regulation, 2017, pp 261-277 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The significance of financial innovation has been widely touted. Many leading scholars, including Miller (1986) and Merton (1992), highlight the importance of new products and services in the financial arena, sometimes characterizing these innovations as an “engine of economic growth”…

Keywords: Money and Banking; International Banking; Financial Instititions; Banks; Regulations; Compliance; Financial Crisis; Great Financial Crisis 2008; Microprudential; Macroprudential; Financial Stability (search for similar items in EconPapers)
JEL-codes: E50 (search for similar items in EconPapers)
Date: 2017
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