Financial Externalities and Financial Institutional Innovation

Author: Wu Jingze
Publisher:
Publish Date: 2003-06-01
Features: At a more fundamental theoretical level, in the process of studying finance, the spillover of cost-benefit for individuals, financial institutions, and even the financial system as financial actors (market participants), the allocation of economic performance and social welfare created, the emergence and diffusion of financial externalities, the institutional foundation of their generation, and the driven institutional innovation in finance should become an important part of the financial political economy research on the property rights, welfare, and institutional allocation relationships between financial actors, the conflict and coordination of financial behavior, and the evolution of financial institutions and financial order.