Theory of Financial Innovation

Author: Wang Qingping
Publisher:
Publish Date: 2003-08-01
Features: The book's exploration in six aspects is pioneering:
First, it systematically summarizes the basic development of Western financial innovation thought to date.
Second, it systematically summarizes the development of Marxist financial innovation thought.
Third, it clarifies that economic development is the fundamental perspective for examining financial innovation issues.
Fourth, it proposes that breaking free from capital shortage is the basic driving force for enterprises to engage in financial innovation, while ensuring an appropriate scale of capital, preventing relative surplus and excessive shortage, is the basic driving force for government innovation.
Fifth, it emphasizes the supporting role of technological innovation in financial innovation and highlights the foundational position of real assets for financial assets.
Sixth, it outlines a historical sketch of continuous innovation in financial industries such as banking, securities, and insurance.
Additionally, the author's description of the development landscape of macroeconomic policies, including financial policies, also offers a fresh perspective.