Financial Innovation: The Last Twenty Years and the Next 论文
1986Journal of Financial and Quantitative Analysis引用 518
Economic Growth and DevelopmentBanking stability, regulation, efficiencyState Capitalism and Financial Governance
详细信息
- 发表期刊/会议
- Journal of Financial and Quantitative Analysis
- 发表日期
- 1986-12-01
- 发表年份
- 1986
关键词
Economic Growth and DevelopmentBanking stability, regulation, efficiencyState Capitalism and Financial Governance
摘要
The word revolution is entirely appropriate for describing the changes in financial institutions and instruments that have occurred in the past twenty years. The major impulses to successful financial innovations have come from regulations and taxes. The outlook for the future is for a slowing down of the rate of financial innovation, but much growth and improvement are still in prospect.