Financial innovation

Author: Xu Jinqian
Publisher:
Publish Date: 2003-06-01
Features: This book systematically explores the theoretical and practical issues of financial innovation. Based on analyzing the economic background of financial innovation, dissecting and summarizing the fundamental reasons for financial innovation, and reviewing several representative theoretical perspectives on financial innovation, it comprehensively elaborates on the issue of financial innovation from aspects such as financial services, payment and clearing, asset-liability management, financial institutions, financial markets, financial instruments and financing methods, financial regulation, monetary policy tools and transmission mechanisms, financial systems, and the international monetary system. The book retraces the historical evolution of financial innovation, introduces specific practices of financial innovation, evaluates its impact and role, and looks ahead to its future trends. It is suitable for readers in financial research, teaching, and practical departments.